Be cautious before buying Unlisted Shares

RIL’s swap offer wipes out 50% value in Reliance Retail shares.

Shares of Reliance Retail plunged around 50 per cent in the unlisted market on Thursday, a day after Reliance Industries proposed a share swap scheme for shareholders of its retail venture.

The country’s biggest firm by market valuation on December 25 proposed a swap ratio of 4:1, which implied investors can get one share of RIL for every four shares held in Reliance Retail.

A lot of retail investors lost over half their money as Reliance Retail was trading at Rs 850-900 till a few days back.

UNLISTED Reliance retail e voting shareholders approval from 23 July to 11 August 2023 … compulsory extinguishing of non promoter equity by paying cash at 1362 wherein few days back the scrip was quoted 2500-2600 by private dealers.

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