Reliance Retail's Share Swap

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.