RIL Mega Loot in 2007-08, Punished 2017 – Scammed SEBI
It is shocking when RIL dividend payout increased from Rs.1,440 Cr to Rs.1,631 Cr, growth of just Rs.191 Cr only the Market Cap of RIL increased from Rs.198,905 Cr to Rs.329,179 Cr – Growth of Rs.120,274 Cr but when SEBI found bungling in RPL stock manipulation – 1454 Cr Shares of Rs.10 face value Traded at as high as Rs.3235 or Rs.470,369 Cr in November2007 – Then AMBANI BROTHERS WERE $93b Worth.
RIL Div Gth Rs.191 Cr, Peak Market Cap Gth Rs.271,464 Cr
SEBI didn’t report Noticee no. 1 or RIL Rs.100,000 Cr Worth Nov2007 – Gain of Rs.80,000 Cr On Investment Rs.20,000 Cr
1.2.3 The RPL scrip witnessed its high of Rs.295 on BSE and Rs.294.95 on NSE on November 1, 2007. Between November 1, 2007 and November 5, 2007.
1.6.1 Between November 6, 2007 and November 23, 2007, Noticee no. 1 sold a total of 18.04 crore shares in the cash market, amounting to 4.01% of RPL’s equity, for a total amount of Rs.4023 crore.
4. A.1 In May- June 2006, RPL made a public issue of its shares at a price of Rs.60 per share. Out of the total issued shares of 450 crore, Noticee No. 1, held 337.50 crore shares (i.e. 75%), Chevron Corporation USA held 22.50 crore shares (5%) and public shareholders held 20% of shares i.e. 90 crore shares.
RIL+RPL Together Rs.351,464 Cr MARKET CAP INCREASEWhen Dividend Growth was Rs.191 Cr.
RIL Fixed ‘Market’ Through Subsidiaries, Associates & Agents
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Project
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