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Business Standard I-T dept looks into tax dodge by RIL agents The income-tax (I-T) department in Mumbai is assessing tax evasion by a dozen firms linked to Reliance Industries Ltd (RIL) on at least Rs 400 crore of profits made by trading in shares of Reliance Petroleum Ltd (RPL), in the months leading to the scrip's record high in November 2007.
However, current surge in the scrip's price has caused it to reach an "indifferent" zone.
Nevertheless, the scrip's main attraction is its increasing dividends which, started from 1998, have been growing steadily 5-year CAGR: 7%.
A higher volatility means that a scrip's value can potentially vary over a larger range of values.
The company which would hope to raise about Rs. 39.7 billion as per the scrip's Tuesday's closing price of Rs. 236.25 at the Bombay Stock Exchange also said that the money would be used to buy out D. E Shaw's stake in D.L.
But Jon didn't take Hailey to Mexico for cheap scrip's and donkey sex shows.
- Large cap scrip's prone to Foreign Institutional Investors (FII's) 'pump and dump' strategies in their bid to minimize 'unused' capital.
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