Cag audit report of rpl

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SK Malik (Querist)
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23 August 2012 "Reliance Power Ltd.(RPL)

Share Price on Aug 17, 2012 Rs 87.70
Market Capitalisation (Rs Cr) Rs 24,600.73
Total value of Reliance Power Ltd. is Rs 24,600.73 Crores as on Aug 17, 2012

Company have not paid any Dividend from incorporation,

How can due to Coal & Land allotment, Loss to Govt is Rs 29, 000 Crores as per CAG Audit Report when present Market Price of Total RPL is 24,600.73 ?

Pl explain?

Note: - RPL sold 26, 00, 00, 000 Equity Shares (19.58 % of total equity) of Rs. 10 @ Rs 430 per share via IPO on Jan 2008 to small investors & Rs 450 per share to others.

RPL collected Rs 11, 440 Crores from IPO"

CA Lokesh Pokharna

CA Lokesh Pokharna (Expert)
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23 August 2012 dear malik, there is no correlation between market value of rpl & loss to govt.

market value determined by market forces & its differ even after every minute.

while loss to govt determined by other factors( i dont know) but it may be gap between prices charged & to be charged.

reg -Lokesh P.

SK Malik

SK Malik (Querist)
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23 August 2012 Pl Review.