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Bombay HC approves RIL-RPL merger

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The Bombay High Court on Monday dismissed an appeal filed by two shareholders against the merger of Reliance Industries Ltd (RIL) and Reliance Petroleum Ltd (RPL).

A Division Bench led by Justice Bilal Nazki Monday dismissed the appeal. The Bench also did not grant a stay on its own order.

Earlier a single judge of the High Court had approved the merger, but Anup Sheth and Rasikbhai Mardia, minority shareholders of both RIL and RPL, had challenged it before a Division Bench.


Source: thehindubusinessline

August 3, 2009 · Filed Under Reliance Industries 
Visited 559 times, 1 so far today
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