Reliance Demerger

2230 views 2 replies

Dear All,


1 - What is the procedure to calculate the capital gain on shares sold which were   allotted in the ratio of 1:1 of the four (RCMVL,REVL, RCVL, RNRL) resultant companies to the shareholders of the Reliance Industries Ltd. on the demerger of the RIL ?.


2 - What will be the period to be taken into consideration for computing long/short term capital gain. (Period from purchase of shares in RIL or the period from allotment of shares in the four resultant companies.


3 - What will be the effect of merger of 2 (RCVL & RECL) of the 4 resulatant companies in the existing companies ?


 

Replies (2)
split the original cost into following ratios: 1. Reliance Industries Ltd 52.0% 2. Reliance Communication Ventures Ltd 38.7% 3. Reliance Energy Ventures Ltd 7.3% 4. Reliance Capital Ventures Ltd 1.3% 5. Reliance Natural Resources Ltd* 0.7% then calculate capital gains
dear santosh can you please explain the basis of allocation of the original cost as given by you above?

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