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The meeting of the board of Directors of Reliance Industries and Reliance Petroleum will be held on
The merger of stand-alone refinery Reliance Petroleum (RPL) with integrated oil, gas and petrochemicals major Reliance Industries (RIL) would create global-scale operations. It would lead to synergies and tax savings. The world over, integrated oil and gas majors command higher value, by way of reducing earnings volatility with operational presence across the value chain, both upstream and downstream.
Given the economic downturn abroad and the subdued demand conditions for oil products, it makes perfect sense for RPL to merge operations with RIL. In a difficult market, RPL may not have been profitable in the foreseeable future. Yet the merger timing seems just right.
RIL would save on transfer pricing on use of about-to-begin gas production from the Krishna-Godavari basin. The merger route with itself for capital-intensive refinery projects, and at an attractive swap ratio, has been scripted earlier by RIL. But back in 2002, for the then stand-alone entity, also labelled Reliance Petroleum, the swap ratio was 1:11. Post merger, RIL would be among the 50 most profitable corporate in the world, within the top ten private refining majors, and also high in the list of independent upstream oil companies. crackcrack
| Company Name | CMP |
|---|---|
| Reliance Industries | 2815.15 |
| Indian Oil Corp. | 158.95 |
| BPCL | 618.60 |
| HPCL | 501.45 |
| MRPL | 210.50 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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