Monday, March 2, 2009

RIL-RPL Merger

Reliance Industries board has decided to merge RIL's entity Reliance Petroleum Limited with the parent company Reliance Industries Limited.

The merger ratio is 16:1, means RPL shareholders will get 1 share of Reliance Industries Limited against 16 held. The merger ratios is little bit in favor of RPL and this merger will be taken into account from 1st April 2009.