Today I came across an article in the Hindustan Times which mentions that RIL dips 3pc owing to the loan reports.
It is surprising to know that a company like RIL which has promised so much to its "now wary" investors and are now planning to raise a whooping Rs. 5000 crore in debt from commercial lenders as well as institutional investors like LIC. I wonder how much money is actually needed and how is sufficient!! I would not be surprised if RPL is already involved in scams similar to Satyam and with the debt of Rs. 5000 crore it raises, it would drown with LIC and all the public money not forgetting the poor investors.
There was also an interesting blog I came across http://www.anilselarka.com/tag/reliance-industries-ltd/ which clearly states and points all the analysis, promises and lies that RPL has made so far and the chances of fulfillment.
I have always been wary of RIL because of mega frauds which are covered up everytime and would urge all the investors to be alert instead of running behind profits.
Friday, January 9, 2009
Saturday, June 21, 2008
Mukesh Ambani - The hurdle in MTN Reliance Communication deal
As you all know this blog is supposed to inform about all the Reliance Industries and Mukesh Ambani's frauds. There is yet one more addition to this. Its not a fraud though but a big and yet another way to run down his younger brother and restrict the growth of Anil Ambani, by becoming a hurdle in the Reliance Communication & MTN deal.
I came across, quite an interesting blog of someone called Ravieconomist, which had some good details, however it seems that the blogger did not have time to update the blog as the post is quite old. On behalf of all who believe in the growth of a nation, city etc. I wish the ADA Group all the best for the deal.
Below is what the blog talks about
In a quest for restricting the success of Reliance ADA Group, Mukesh Amabani's rivalry with Anil Ambani, is threatening to derail one of the biggest tie-ups in the history of emerging markets telecoms — between Reliance Communications and South African mobile operator MTN.
Reliance Communications late last month entered a 45-day period of exclusive talks with MTN for a tie-up that would create one of the world’s largest emerging-markets telecom operators with 115m subscribers spread across Africa, India and the Middle East.
Reliance Communications, India’s second-largest mobile company headed by Anil Ambani, revealed on Friday night that Reliance Industries, controlled by Anil’s elder brother Mukesh Ambani, has claimed right of first refusal in takeover of the cellular carrier.
Mukesh has been at war (with Mukesh Ambani always interfering and causing hurdles in Anil Ambani's deals) since the death in 2002 of their father, Dhirubhai Ambani.
“RIL’s (Reliance Industries Limited) actions are clearly anti-consumer, anti-investor and anti-globalisation, and against the vision, beliefs and principles of the founder of the Reliance Group, late Shri Dhirubhai Ambani,” Reliance Communications said.
“RIL’s claim is born out of mounting despair and frustration at Reliance ADA Group’s (Anil Ambani’s holding company) continuing successes.”
According to Reliance communication, the claim was conveyed in a letter sent to MTN on Thursday and to Reliance Communications on Friday.
According to most analysts this claim is baseless and misconceived. However, the surprise letter from Reliance Industries means that this deal could get derailed, Which again according to most analysts, is just another way, by big-bully-brother Mukesh Amabani, to hamper the growth and success of Anil Ambani's ADAG.
The group said the claim was based on an agreement in 2006, which it said was signed only by Reliance Industries officials and which was later overturned by the Bombay High Court.
You could read the blog on http://mukesh-ambani-big-bully-brother.blogspot.com
I came across, quite an interesting blog of someone called Ravieconomist, which had some good details, however it seems that the blogger did not have time to update the blog as the post is quite old. On behalf of all who believe in the growth of a nation, city etc. I wish the ADA Group all the best for the deal.
Below is what the blog talks about
In a quest for restricting the success of Reliance ADA Group, Mukesh Amabani's rivalry with Anil Ambani, is threatening to derail one of the biggest tie-ups in the history of emerging markets telecoms — between Reliance Communications and South African mobile operator MTN.
Reliance Communications late last month entered a 45-day period of exclusive talks with MTN for a tie-up that would create one of the world’s largest emerging-markets telecom operators with 115m subscribers spread across Africa, India and the Middle East.
Reliance Communications, India’s second-largest mobile company headed by Anil Ambani, revealed on Friday night that Reliance Industries, controlled by Anil’s elder brother Mukesh Ambani, has claimed right of first refusal in takeover of the cellular carrier.
Mukesh has been at war (with Mukesh Ambani always interfering and causing hurdles in Anil Ambani's deals) since the death in 2002 of their father, Dhirubhai Ambani.
“RIL’s (Reliance Industries Limited) actions are clearly anti-consumer, anti-investor and anti-globalisation, and against the vision, beliefs and principles of the founder of the Reliance Group, late Shri Dhirubhai Ambani,” Reliance Communications said.
“RIL’s claim is born out of mounting despair and frustration at Reliance ADA Group’s (Anil Ambani’s holding company) continuing successes.”
According to Reliance communication, the claim was conveyed in a letter sent to MTN on Thursday and to Reliance Communications on Friday.
According to most analysts this claim is baseless and misconceived. However, the surprise letter from Reliance Industries means that this deal could get derailed, Which again according to most analysts, is just another way, by big-bully-brother Mukesh Amabani, to hamper the growth and success of Anil Ambani's ADAG.
The group said the claim was based on an agreement in 2006, which it said was signed only by Reliance Industries officials and which was later overturned by the Bombay High Court.
You could read the blog on http://mukesh-ambani-big-bully-brother.blogspot.com
Thursday, February 21, 2008
Reliance Industries (RIL) Mukesh Ambani behind stock market CRASH
After a well planned racket to trip the Reliance IPO using a combination of court cases filed on the behalf of Investor grievances for a "media attacks" and investment banks questioning valuations of the issue, Reliance Industries(led by Mukesh Ambani) through its many arms "used" the stock market to derail the prelisting and the post listing price of the Reliance Power issue.
Using the cover of a global meltdown, starting January 14, Reliance Indiatries setup a crack team of five key strategists for this horrible market management operation. Run personally by top Reliance Industries Ltd. top Excutive Manoj Modi, two treasury hotshots were sent to Mauritius to coordinate the bear hammering on Reliance ADAG scrips in the run up to the listing. Both Sanjay Punkhia ADAG and Gagan Chaturvedi acting in concert with two other executives chief investment officer Ashish Kumar Chauhan and Balakrishnan, vice president in the treasury department have wrecked havoc on India's Stockmarkets and Reliance ADAG scrips in particular.
Some of them, actually operating out of beautiful Mauritius, ran the operation along with some favourably inclined hedge funds, even as Manoj Modi's daughetr was being wedded to Anand Jain's (a very close associate of Mukesh Ambani) nephew in Mumbai on January 24. They had to miss the wedding, since the synchronized market operation got top priority within the group, Reliance Industries.
The core of the operation was to destabilize the Reliance Power listing on February 11. Brokers like Shankar Sharma and his associates and CNBC TV 18 Stocks Editor Udayan Mikherjee were pressed into service to execute the entire gameplan. With Udayan Mukherjee talking down the market in tandem with Shankar Sharma(who has Once earlier been guilty of doing exactly the same during the infamous Tehelka First Global scam) the bears ran riot to scupper not just the listing, but the entire market in totality.
Since mid January, when the Sensex was hovering around 21,000, it has been beaten down to 17,000, seeing a massive erosion in shareholder wealth. But the most drastically hit are Reliance ADAG scrips - Reliance Communications, Reliance Energy, Reliance Capital, Reliance Natural Resources and Adlabs. While Reliance Communications has seen a 30 per cent hit, the other four have practically been poleaxed, halved as they are from their mid January tops.
What is perhaps even more surprising is that when the world's biggest investment banks, domestic and even some stockmarket reporters in Economic Times were involved in hammering the markets and Reliance Power in particular. Even as listing was to get underway, a vicious campaign orchrestrated by Ashish Kumar Chauhan and Samir Saran, another Reliance Industries(Mukesh Ambani) executive was in play using the internet as a domain. Saran, ostensibly based in London for the last six months is the handler of media 'friendlies' and has been acting in connivance with Chauhan in this operation.
With so many investors waiting for good returns, it is highly disgraceful for such big entities being involved, just to make another stock unsuccessful.
I am happy someone blogged on this at http://ril-behind-stock-market-crash.blogspot.com/
Using the cover of a global meltdown, starting January 14, Reliance Indiatries setup a crack team of five key strategists for this horrible market management operation. Run personally by top Reliance Industries Ltd. top Excutive Manoj Modi, two treasury hotshots were sent to Mauritius to coordinate the bear hammering on Reliance ADAG scrips in the run up to the listing. Both Sanjay Punkhia ADAG and Gagan Chaturvedi acting in concert with two other executives chief investment officer Ashish Kumar Chauhan and Balakrishnan, vice president in the treasury department have wrecked havoc on India's Stockmarkets and Reliance ADAG scrips in particular.
Some of them, actually operating out of beautiful Mauritius, ran the operation along with some favourably inclined hedge funds, even as Manoj Modi's daughetr was being wedded to Anand Jain's (a very close associate of Mukesh Ambani) nephew in Mumbai on January 24. They had to miss the wedding, since the synchronized market operation got top priority within the group, Reliance Industries.
The core of the operation was to destabilize the Reliance Power listing on February 11. Brokers like Shankar Sharma and his associates and CNBC TV 18 Stocks Editor Udayan Mikherjee were pressed into service to execute the entire gameplan. With Udayan Mukherjee talking down the market in tandem with Shankar Sharma(who has Once earlier been guilty of doing exactly the same during the infamous Tehelka First Global scam) the bears ran riot to scupper not just the listing, but the entire market in totality.
Since mid January, when the Sensex was hovering around 21,000, it has been beaten down to 17,000, seeing a massive erosion in shareholder wealth. But the most drastically hit are Reliance ADAG scrips - Reliance Communications, Reliance Energy, Reliance Capital, Reliance Natural Resources and Adlabs. While Reliance Communications has seen a 30 per cent hit, the other four have practically been poleaxed, halved as they are from their mid January tops.
What is perhaps even more surprising is that when the world's biggest investment banks, domestic and even some stockmarket reporters in Economic Times were involved in hammering the markets and Reliance Power in particular. Even as listing was to get underway, a vicious campaign orchrestrated by Ashish Kumar Chauhan and Samir Saran, another Reliance Industries(Mukesh Ambani) executive was in play using the internet as a domain. Saran, ostensibly based in London for the last six months is the handler of media 'friendlies' and has been acting in connivance with Chauhan in this operation.
With so many investors waiting for good returns, it is highly disgraceful for such big entities being involved, just to make another stock unsuccessful.
I am happy someone blogged on this at http://ril-behind-stock-market-crash.blogspot.com/
Monday, December 3, 2007
RPL SCAM!! SMALL INVESTORS LOSE MONEY!!
Between November 1 and November 6, 2007, a particular group made short sales of 10crore shares of Reliance Petroleum in the futures segment of National Stock Exchange costing Rs.3,000 crores approximately. they made a cool Rs 1,000 crores in less than a month, because the Reliance Petroleum shares have now crashed from Rs.295 to Rs 195 per share!.
These guys have made Rs.100 per share. isnt it ironic that someone knew that RIL was going to sell a huge quantity of shares and the prices were bound to come down? My 2nd question is Who financed these traders for their margins? Where has this profit gone? and who bore the loss??? Its innocent small investors who bought Reliance Petroleum shares at the high prices, not knowing that this unholy alliance was indulging in insider trading and making illegal profits while Mukesh Ambani's own company RIL was selling shares without disclosing this to investors!!
Tuesday, November 27, 2007
Reliance Petro Scrip under SEBI scanner
I had blogged about the Friday sale of 4% equity in Reliance Petroleum and my thoughts were true. This fact has bought RPL under the SEBI scanner and i sincerely hope that these sharks are taken to task for such dubious acts which ruin the stability of the market.
It is really surprising that big, intelligent and smart businessmen like Mukesh Ambani can indulge in these acts, just to make profits.
Hindustan Times - Mint (http://www.livemint.com/) has carried an article on this you can read this on http://www.livemint.com/2007/11/27211828/Reliance-Petro-scrip-under-Seb.html?atype=tp
Also the so called Smart Traders, who are a hoax group, also made it to the news http://www.financialexpress.com/news/Smart-operators-in-RPL-futures-make-a-cool-Rs-1-000-cr/244312/
What is this government doing with such dubious acts?? I wonder!!
It is really surprising that big, intelligent and smart businessmen like Mukesh Ambani can indulge in these acts, just to make profits.
Hindustan Times - Mint (http://www.livemint.com/) has carried an article on this you can read this on http://www.livemint.com/2007/11/27211828/Reliance-Petro-scrip-under-Seb.html?atype=tp
Also the so called Smart Traders, who are a hoax group, also made it to the news http://www.financialexpress.com/news/Smart-operators-in-RPL-futures-make-a-cool-Rs-1-000-cr/244312/
What is this government doing with such dubious acts?? I wonder!!
The Great RPL fraud
Reliance Industries announced last Friday sale of 4% equity in Reliance Petroleum Ltd. at an average price of Rs.223 per share.
These sales were made between November 10 and November 23,2007.
Interestingly just one week prior to RIL (owned by Mukesh Ambani) selling the shares, an unknown group of people bet their shirts on a fall in Reliance Petroleum’s share price, in a magnitude never seen before in Indian stock markets.
Between November 1 and November 6, 2007, this group made short sales of 10crore shares of Reliance Petroleum in the futures segment of National Stock Exchange.
These short sales were made at prices between Rs.275 and Rs. 295 per share.
These numbers are based on official data published by NSE.
The value of these short sales is an unprecedented Rs.3,000 crores approximately.
This group of persons has made a cool profit of approx. Rs 1,000 crores in less than a month, because the Reliance Petroleum shares have now crashed from Rs.295 to Rs 195 per share!. These guys have made Rs.100 per share.
Who are these super smart traders? Are they smarter than even the smartest businessman in India, Mukesh Ambani??His company, RIL, sold the shares at Rs.223 per share but these guys sold at Rs.275 to Rs.295 per share.
These sales were made between November 10 and November 23,2007.
Interestingly just one week prior to RIL (owned by Mukesh Ambani) selling the shares, an unknown group of people bet their shirts on a fall in Reliance Petroleum’s share price, in a magnitude never seen before in Indian stock markets.
Between November 1 and November 6, 2007, this group made short sales of 10crore shares of Reliance Petroleum in the futures segment of National Stock Exchange.
These short sales were made at prices between Rs.275 and Rs. 295 per share.
These numbers are based on official data published by NSE.
The value of these short sales is an unprecedented Rs.3,000 crores approximately.
This group of persons has made a cool profit of approx. Rs 1,000 crores in less than a month, because the Reliance Petroleum shares have now crashed from Rs.295 to Rs 195 per share!. These guys have made Rs.100 per share.
Who are these super smart traders? Are they smarter than even the smartest businessman in India, Mukesh Ambani??His company, RIL, sold the shares at Rs.223 per share but these guys sold at Rs.275 to Rs.295 per share.
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