What's in a name? A lot, if the entity is Reliance Natural Resources Ltd (RNRL), the gas-based energy undertaking of Reliance Industries. |
Over the past six years, RNRL changed its name as many as six times. In the process, the number of fully-paid up equity shares of the company went up from 200 of Rs 10 each to 122.31 crore of Rs 5 each. |
Incorporated in March 2000 as Reliance Platforms Communications.com Private, it was rechristened as Reliance Energy Private in January 2003. After 13 days, its name was changed to Relaince Wattage Private. |
Its status was changed to public limited company in July 2005. It was renamed as Reliance Fuel Management on August 3, 2005. Barely a week later, its name was changed again to Global Fuel Management Servics and, finally, to Reliance Natural Resources on January 9 this year. |
The company had two shareholders "" Vidya Dharra and Surendra Pipara "" at the time of its incorporatisation. |
Dharra and Pipara held 100 shares each. However, their names do not include in the promoters group any more. |
The promoter group now consists of Kakilaben, wife of Reliance Industries founder chairman Dhirubhai Ambani; ADAE's chairman Anil Ambani and his family- wife Tina Ambani and two sons Jai Anmol and Jai Anshul. |
The three-member board comprise Sandeep Tandon, L V Merchant and J P Chalasani. |