Merging between Reliance Infra and RelPower is in offing as and when the power business starts with Rel.Power, as was done between RIL-RPL. Until then, its feared that Rel.Power will be bogged down to create a least less ratio between the 2 companies. The ration could be anywhere between 1:13 or 1:12, depending upon the price of Reliance Infra in coming future.
The story beholds the same scenario between Satyam and Mahindra. Satyam will be bogged down till June 2010 when merging takes places. This is corporate greed, just like RPL stock was bogged down from 285 levels to 72 and then finally at 130 Rs. at the time of merging with RIL. The maximum I see Rel.power before merging to be Rs. 275 to 300 and Reliance Infra would have crossed 1800 plus.
| NIFTY 
