Anil Ambani-controlled Reliance Energy Ventures Ltd will get listed and start trading on the bourses on February 24.
The company, one of the four carved out from Mukesh Ambani controlled Reliance Industries and transferred to Anil Dhirubhai Ambani Group as part of a settlement in Reliance empire, had yesterday secured stock exchanges' approval for listing.
A total of 122.31 crore (1.223 billion) equity shares of face value Rs 10 would be listed, the Bombay Stock Exchange said in a circular.
REVL will later be merged with Reliance Energy Ltd -- a move that has been approved by the Boards of the two companies.
On Tuesday, another ADAG group company, Reliance Capital Ventures Ltd, got listed on the Bombay Stock Exchange and the National Stock Exchange.
Besides REVL, the ADAG group also plans to list Reliance Natural Resources Ltd (RNRL) and finally Reliance Communications Ventures Ltd (RCoVL).
The listing of these four companies would be followed by a merger of REVL and RCVL with the utility major Reliance Energy Ltd (REL) and Reliance Capital Ltd (RCL), respectively.
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