Reliance Power- Real power for Mr.Ambani

Reliance power has come out with Bonus shares. Is it possible to give a bonus shares without having balance sheet. A tough question to answer, but these folks at Reliance power doesn’t mind it. As usual SEBI seems to do its duty- doing its own business of watching small companies and other corporations. Reliance seems to be power house in lobbying for its own cause. Mr.Ambani made a child like comment that market interests are responsible for negative trade of its group shares. When almost all the shares are up on daily basis, he is busy on competing with his brother to become Richest Indian in the earth and possibly richest man in the world.

Indian capital markets suddenly seem to be dangerous place in the world, where most of the IPOs are coming without rating. I don’t know how it’s possible for Mr.Ambani to come out with this comments without realizing that it’s childish. He has his own vested interests in stock markets. He is creating a company and from that he is creating a dozen and from that dozen he is creating another dozen and it has become customary for him to repeat it without any hazard. No one in SEBI seems to mind this problem and its going to continue on daily basis and if it continues Mr.Ambani would become richest man without single dollar in his balance sheet. But magazines would say, he is richest man in the world. Mr. Warren Buffet is having $40 billion cash in his balance sheet. Would you call him as a richest man or would you like to call Mr. Nil oh sorry Mr.Anil as a richest man who is having nothing than paper money. There is no original stuff in his balance sheet.

People should wake up and invest in Real Company than just names. Chak de India!