In today’s briefing:
- Steep Discount on Land Acquisition by Reliance Sparks Corporate Governance Debate
Steep Discount on Land Acquisition by Reliance Sparks Corporate Governance Debate
- Reliance bought 5,286 acres of prime industrial land in Navi Mumbai, which was sold for a surprisingly low INR 2,200 cr whose economic value is around INR 1 Lakh cr.
- This complex transaction done at a steep discount raises corporate governance issues for other shareholders like Jai Corp owing to valuations, disclosure lapses and minority shareholder rights.
- We delve into details of the deal structure and what it means for respective companies’s shareholders.
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