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Jul 20, 2013, 05.40 PM IST | Source: Moneycontrol.com

Reliance Industries to merge REGDL with self

Reliance Industries has informed BSE that the Board of Directors of the Company at its meeting held on July 19, 2013, has approved a scheme of arrangement for amalgamation of Reliance Energy Generation and Distribution Limited (REGDL), a wholly-owned unlisted subsidiary company, with Reliance Industries Limited (RIL).

Reliance Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 19, 2013, has approved a scheme of arrangement for amalgamation of Reliance Energy Generation and Distribution Limited (REGDL), a wholly-owned unlisted subsidiary company, with Reliance Industries Limited (RIL).Further the Company has informed that, no new shares of RIL will be issued by the transferee company upon the Scheme becoming effective as the entire paid-up equity share capital of REGDL is held by RIL.Source : BSE

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