In the last week market buzz indicated that RIIL and RIL may merge in short future.
On Sunday, Reliance Industrial Infrastructure Ltd(RIIL) announced that there are no plans to merge with Reliance Industries or any other company.
But during last 7 sessions, share price of RIIL surged to 819.50 on Apr 09, 2009 (last trading session), gaining 189% from 283.75 on Mar 30, 2009.
The company, the spokesperson said, has already communicated its concern to the stock exchanges and the Sebi.
The news were published by some newspaper which misled investors and may lose huge money now.
On Sunday, Reliance Industrial Infrastructure Ltd(RIIL) announced that there are no plans to merge with Reliance Industries or any other company.
But during last 7 sessions, share price of RIIL surged to 819.50 on Apr 09, 2009 (last trading session), gaining 189% from 283.75 on Mar 30, 2009.
The company, the spokesperson said, has already communicated its concern to the stock exchanges and the Sebi.
The news were published by some newspaper which misled investors and may lose huge money now.
News in media are used for misguiding mass and thus related persons / companies earn huge profits at cost of individual investors' losses.
No comments:
Post a Comment