1: 4. No, that’s not the ratio of Reliance Industries’ bonus issue; that’s an estimate of how popular the company’s stock is. It is believed that one out of every four investors in India own Reliance shares. With more than 3,000,000 shareholders, it is one of the world's most widely held stocks. And of course, amongst the best performing companies in the Indian stock market.
So, when Reliance sneezes, Dalal Street holds its breath. But when its owners start squabbling, hallelujah, its investors actually benefit, even if they are handed some duds as part of the settlement.
So while Mukeshbhai and Anilbhai slug it out over thousands of crores, the investor on the street goes to bed secure that his prized Reliance stocks will see him through the bad times. For the record, India's largest private sector conglomerate (by market value), managed by Mukesh Ambani, has an annual turnover of over Rs 150,000 crore, profits of Rs 16,000 crore, and is a Fortune 500 company. Now let’s see what records will be set by Mukeshbhai’s new 27-floor house on Altamount Road, estimated to cost $ 2 billion or close to Rs 10,000 crore.