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.
Monday, March 2, 2009
RIL-RPL Merger
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