Only 35 lakh equity shares of Reliance Retail are available in the unlisted market.
The Big Bull sees a big bubble in the unofficial market for unlisted shares.
Like their listed peers, financial stocks in the unlisted space soared too.
Investors and dealers are dejected and outraged by RIL’s offer.
“A lot of retail investors lost over half their money as Reliance Retail was valued at around Rs 5 lakh crore earlier in the unlisted space,” said Sandip Ginodia of Abhishek Securities, which deals in shares in the unofficial market for unlisted stocks.
Some 127 stocks eroded up to 95 per cent of investors’ wealth in 2018.
Over 75 per cent of last year’s multibaggers destroyed wealth this calendar.
Here are some of the names that have kept the grey market abuzz over past few weeks.
YES Bank last week said Canadian billionaire Erwin Singh Braich is likely to be a prime investor and buy more than half of the total equity dilution, or $1.2 billion.
Topping the list was the Anil Ambani group entity Reliance Naval and Engineering.
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