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D.a

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  • Janvi&nikita
  • Janvi&nikita

Transcript

  • 1. PRESENTED BY JANVI & NIKITA
  • 2. Dirajlal Hirachand Ambani Dhirubhai Ambani was born 28th december 1932. Ambani moved to Aden, Yemen. He started his career as a dispatch clerk.
  • 3. Started Career of D.A.  Young Dhirubhai perceived high demand for ‘rial’ in London Stock Exchange on traders in London.  Though it was stopped in 3 months, D.A. made a few lakhs of Rupees in this transaction.
  • 4. D.A. return in India  D.A. returned to India after 10 years and found Reliance Commercial Company with a capital of Rs.15000/= in Mumbai  He went on to establish Reliance Textiles in 1964 under the brand name “Vimal”.  Perceiving success, Dhirubhai established Reliance Industries Ltd in 1970s..
  • 5. Starting of RIL  Dhirubhai Ambani is credited in India. More than 58,000 investors to Reliance's IPO in 1977.  RIL holds the distinction that it is the only Public Limited Company whose several Annual General Meetings were hold in stadiums.  In 1986, The Annual General Meeting of RIL was hold in Cross Maidan, Mumbai, was attended by more than 30,000 shareholders.
  • 6. D.A. control of S.M.  Dhirubhai Ambani's takes control of the Mumbai Stock exchange.  In 1982, RIL was coming out with a rights issue of partly convertible debenture.  Taking stock brokers in culcutta this as an opportunity they started to short sell RIL scrips.  The Bulls started buying the scrips on Bombay Stock Exchange and a price of Rs. 152 per share was maintained till the day of settlement.
  • 7. D.A. was king of S.M.  Bear Cartel believed that the Bulls would accept settlement under the then prevalent " Badla " system.  In case of non-settlement the Bulls demanded an was taken a back when the Bulls demanded physical delivery of shares. To “Unbadala” of Rs.35 per share.  With this the demand increased and the shares of Reliance shot above 180 rupees in minutes.  The settlement caused enormous uproar in the market and Dhirubhai Ambani was the unquestioned king of the stock markets.
  • 8. “Unbadla” settelment  The situation was completely out of control.  The "Unbadla" rate to Rs. 2 with a stipulation that the Bear Cartel has to give the delivery of shares within few days.  The Bear Cartel brought shares of Reliance from the market at higher levels and it was also realized that Dhirubhai Ambani himself supplied those shares
  • 9. NRI`s through Investment  After this incident many questions were raised by his detractors and the press.  A few years ago was able to get in so much of cash flow during the crisis.  RBI was called upon to investigate into the matter.  RIL was due to Rs.220 million investment made by NRIs through various Company.
  • 10. Highlights of Dhirubhai's venture  Dhirubhai Ambani could achieve within a short period with a razor like sharpness and business acumen.  Dhirubhai Ambani proved into Petro Chemicals, Energy, Power, Information Technology, Telecommunications, so on.  RIL is turnover over US$19.976 billion backed by a profit over US$2.03 billion.  Fortune Global 500 featured RIL in 342nd rank in 2006. Forbes Global featured RIL at 295 spot in 2000.
  • 11. Award`s of D.A.  Man of the Century.  Outstanding Leadership.  Man of 20th century.  Greatest creator of wealth in the country.  Dhirubhai Ambani breathed his last on July 6, 2002.