Anil Ambani tries to lift Shareholder Spirits…and maybe Share Price too ?! at the Reliance Cap AGM Today

Anil Ambani tries to lift Shareholder Spirits…and maybe Share Price too ?!  at the Reliance Cap AGM Today

Bonus and Banking & Insurance Business Stake Sale…that’s what Anil Ambani stated today at the AGM to enthuse all who yet beleive he can surge back to Glory

He’s not really treading any new Path here….Two years ago he said more or less the same at the AGM

A subdued looking Anil Ambani addresses ‘Share Owners’ at the Reliance Capital AGM this morning

Tuesday, July 21st, 2009 

Bonus ?…What diff will this make ?…Equity is Rs 246 crs..Reserves a shade under Rs 8000 crs…Debt is just over Rs 20000 crs….Earnings have been declining…Share Price is under 1.5 Book

In 2009 the Market Cap was more than double of the Rs 10000 crs it is now with Reliance Cap at Rs 900 levels from the current Rs 400

Methinks like methought in 2009 that Anil Ambani can greatly redeem himself by coming out with a Reliance Insurance IPO at Par Rs 10

Cheers !