Epic Research

Monday, July 8, 2013

Epic Update : Reliance Communications

Epic Update Reliance CommunicationsTo unlock substantial shareholder value by demerger
Monetisable value of company’s real estate at Rs 12,000 crore
No impact of demerger on company’s profitability
Separation of real estate part of company’s strategic plan
Properties include prime land at DAKC, Navi Mumbai and Delhi
DAKC is Dhirubhai Ambani Knowledge City
To take approvals of lenders, shareholders, courts for demerger. 


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