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RIL gets High Court approval for RPL merger

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Reliance Industries , the country’s most valued company, today said the Bombay High Court has approved merger of group firm Reliance Petroleum (RPL) with the company.

The Bombay High Court has sanctioned the scheme of amalgamation of RPL with RIL, Mukesh Ambani-led company said in a filing to the Bombay Stock Exchange.

The High Court of Gujarat has also sanctioned the scheme, it added.

The High Court orders have been filed with the respective offices of the registrar of companies and the scheme has become effective on September 11, 2009, with appointed date being April 1, 2008, RIL said.

Consequently RPL stands dissolved without winding-up, the company added.

Shares of RIL were trading at Rs 2,144.05, up 0.14 per cent, whereas RPL was quoted at Rs 132.20, up 0.76 per cent, in the afternoon trade on BSE.
Source: business-standard

September 14, 2009 · Filed Under Reliance Industries 
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