The Reliance settlement is most likely to be structured around a demerger into a separate company. CNBC-TV18 has learnt from sources that the Reliance Industries stake in Reliance Energy, Reliance Capital and Reliance Infocomm will get de-merged into a separate company.
Like all de-mergers, the new company which will typically be called the resultant company will have a share holding that will be the exact mirror image, in this case of Reliance Industries. In this case, a shareholder of RIL with 1% stake, would get 1% in the de-merged company and according to experts will not be detrimental to investors in any fashion.
Further, sources say that no debt is likely to be transferred to this new resultant company, which will be under the control of Anil Ambani, whereas Mukesh Ambani would have control of Reliance Industries and IPCL. No debt will be transferred to this new company, as there is no internal debt that Reliance has taken that is attributable to the investments in Reliance Capital, Reliance Energy and Reliance Infocomm."