Reliance is willing to pay a 50% premium to buy back the shares. It doesn't seem like it's out to cheat anyone, but investors are annoyed because they're driven by emotions. Back then Reliance had said that it would do a share swap, give one share of Reliance Industries for every four shares of the unlisted Reliance Retail. The plan failed because investors push back. So yes, maybe something similar could happen again. Or maybe the National Company Law Tribunal will ask Reliance to reconsider the valuation.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode