RIL says given proposal to transfer part of D6 Block stake to arms
, Tuesday, Aug 26
NEW DELHI - Reliance Industries Ltd. today said it has submitted a proposal to the government for transferring part of its participatory interest in gas-rich D6 Block in offshore Krishna-Godavari Basin to its wholly-owned subsidiaries.
"We have submitted a proposal (on D6 interest transfer) to petroleum ministry. A decision on this is still awaited. As all subsidiaries are owned by RIL, it will have no bearing on the company's shareholders," a Reliance Industries spokesperson told NewsWire18.
A newspaper report had today said RIL has proposed to transfer 80% of its interest in D6 Block to its four unlisted subsidiaries--Reliance KG Exploration and Development Pvt. Ltd., Reliance KG D6 E&P, Reliance KG Basin and Reliance E&P KG.
Tuesday, August 26, 2008
RIL says given proposal to transfer part of D6 Blockstake to arms
Subscribe to:
Post Comments (Atom)
News Flash from IndiaEarnings
 |
Saraswat Bk seeks RBI nod to acquire ailing South Ind Co Bk |
|
Telekom Malaysia to pick up addl 15% stake in Idea: Srcs |
|
Hind Rectifiers brd meet on June 24 to consider bonus issue |
|
Inflation will touch double digit mark next week: I-Sec |
|
NY Times in talks to buy 5% stake in Deccan Chron Arm |
|
Inflation for wk ended Apr5 revised to 7.71% vs 7.14%earlier |
|
Inflation for week ended May 31 at 8.75% vs 8.24% |
|
Indian economy won't be as badly hit as the global eco:DCB |
|
Over a period of time mkt may drift down to 4060 :Atul Suri |
|
Shriram Cap likely seller in Shriram City Un Fin block deal |
|
Shriram City Union Fin changes 12.2% Eq via block deal |
|
No big rally in mkt till oil pices cool off: Lehman Bros |
|
BoJ keeps key interest rate unchanged at 0.5% |
|
J&K Bank raises Prime Lending Rates by 100 bps to 14% |
|
L&T aays plan to list IT sdubsidiary in FY09 |
|
IFCI okays initiation of legal process to align LIC stk |
|
Rupee opens at 42.82/USD vs 42.84/USD on Thursday |
|
Karnataka Bank board approves 1:5 rights issue at Rs 100/sh |
|
45.37 lakh Suzlon shr change hands on BSE at Rs 250.95/sh |
|
Oil India plans to launch IPO by Sep: NW18 |
|
ABG Shipyard bags order worth Rs 127 Cr |
|
Nutrient base pricing is good for industry:RCF |
|
FM says avg prc of complex fert to decline by Rs 1416/t |
|
Deccan Chronicle likely to place Sieger Eq at EV of USD750 m |
|
BNP Paribas see 25 bps CRR hike before RBI July policy |
| Disclaimer | |
No comments:
Post a Comment