Saturday, July 9, 2011

Fate of Reliance Natural Resources Ltd (RNRL) :

Some investors who hold physical share certificates would be wondering what to do with RNRL certificate, since the share price is not quoted.

RNRL has been merged to Reliance Power Ltd on 5th July 2010, in a swap ratio of 4:1, meaning RNRL shareholders are to get one R-Power share for every four they hold.

As a result you would have got a fresh share certificate of RPower, which can be demated and sold off. And the old certificate of RNRL is invalid. Hence donot confuse yourself with this old RNRL Certificate

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