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Anil Ambani takes over as BSES chairman
January 18, 2003 16:20 IST
BSES Ltd became a part of the Reliance Group with Anil Ambani being appointed chairman of the Mumbai-based power utility.
The BSES board, on Saturday, unanimously appointed Ambani, vice chairman and managing director of Reliance Industries Ltd, and Satish Seth, an existing Reliance nominee on the board, has been designated as vice-chairman, a Reliance release said in Mumbai.
Two more Reliance nominees, S C Gupta, former BSES director and J P Chalasani, a director of BSES Infrastructure
Finance Ltd and chief executive of two power distribution companies of BSES in New Delhi, have been appointed as whole time directors.
Reliance is already the single largest shareholder with over 44 per cent stake in BSES. Reliance made an offer, which
opened on friday, to buy additional 20 per cent stake in the power utility.
The existing shareholding pattern of the company is Reliance 44.12 per cent, domestic financial and investment instituions 36.29 per cent, GDRs 1.94 per cent, FIIs/NRIs/Overseas Corporate Bodies 4.27 per cent, domestic banks/mutual funds 0.66 per cent and the balance 12.72 per cent by over 140,000 retail investors.
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Number of User Comments: 16
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Sub: urgent nd important information
Dear Anil Sir, I want to give u very imp. information b/c of that u r incurring loss of crore from this information u can ...
Posted by neeraj
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Sub: Journalism
In well accepted newsreporting we first write the full form before we put the short forms within brackets. After reading the entire report, I am ...
Posted by Dr. Jose Kalapura
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Sub: my opinion
It is a historical event . BSES will further Grow to it's optimum . Regarding subsidiaries - a review is urgently necessary . Congratulation Mr. ...
Posted by Netrananda Swain
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Sub: shri anil ambani becoming chairman of BSES
May the recoveries of outstanding bills be top priority. May the leakage of revenue due to unauthorised and illegal connections be second priority may the ...
Posted by allan d\'souza
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Sub: congratulations...
I CONGRATULATE MR. ANIL AMBANI ON THIS EVENT.
Posted by NEHA AGRAWAL
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