Reliance Buy Back – An Exercise in Futility

Reliance Industries proposal to buyback its own shares upto Rs 10,400 crores is considered by the Author Kalidas as an exercise of futility. He questions Mukesh Ambani’s wisdom and analyzes that he has been faltering of late. He has been listening to others who are giving him poor advice and the enormous money that he has carefully built have begun to leak in the form of non core industry investment when the opportunities abound in his own core sector. The author plods him to abandon the non core projects and in stead re-deploy the proceeds into core industry directly associated with RIL. If he does that, it will be a matter of time when the RIL would emerge as World’s Top 5 companies in less than four years. Read further, it is part 1