Following the plans of Mukesh Ambani’s Antilla, Vijay Mallya is planning to build one of his own in Bangalore on Vittal Mallya Road, adjacent to UB City.
All the earlier euphoria of Reliance Power being listed at Rs.900 has been completely laid to rest with the share now being quoted at 20% discount to its issue price.
Indian equity investors never had it so good. After multiplying their capital, thanks to the tremendous bull run, they can now even trade in shares without paying any brokerage fees thanks to Anil Ambani’s Reliance Money.
The diktat has worked yet again. Much after opposing entry of foreign retailers, the UP Government has now decided to shut down all organised retail outlets that operate outside malls.
If you are thinking that there is very little left in terms of appreciation in Reliance Industries especially the stupendous returns it has given post demerger and split with Anil Ambani, then there is some food for thought.
With the offloading of 5% stake in Reliance Tower Infrastructure Ltd by Reliance Communications to 7 financial investors valuing the tower business of the company at astonishing Rs.27000 crore, the analysis has now shifted as to how the tower business would contribute in the growth of telecom companies.