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RPL shareholders approve merger with Reliance Industries


The shareholders and the creditors of Reliance Petroleum Limited (RPL) approved the Scheme of Amalgamation of RPL with Reliance Industries Limited (RIL).

In the Court convened Meeting of Equity Shareholders, Secured Creditors and Unsecured Creditors of RPL held on Thursday, April 9, 2009, 99.745% of the shareholders present in person/proxies, representing 99.9999% of the total value of the equity shares held by them, voted in favour of the Scheme of Amalgamation.

Shareholders representing 0.0001% of the total value of shares voted against the Scheme. 100% of the Secured and Unsecured Creditors present in person/proxies voted in favour of the Scheme of Amalgamation.

Source: moneycontrol

April 13, 2009 · Filed Under Reliance Industries, Reliance Power 
Visited 698 times, 1 so far today
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