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RIL, RPL board to discuss merger plans on 2 March

RIL, RPL board to discuss merger plans on 2 March
PTI
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First Published: Fri, Feb 27 2009. 05 35 PM IST
Updated: Fri, Feb 27 2009. 05 35 PM IST
Mumbai: The boards of Mukesh Ambani promoted Reliance Industries Ltd. (RIL) and Reliance Petroleum Ltd. (RPL) will meet on Monday to consider the merger of the two entities.
In two separate filings, both the companies said a meeting of the board of directors will be held on 2 March, to consider and recommend the amalgamation of Reliance Petroleum and Reliance Industries, the country’s most valued firm in terms of market capitalization.
Reliance Petroleum is an only-for-export refinery and its 5,80,000-barrels-per-day only for exports refinery at Jamnagar in Gujarat was commissioned last month.
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First Published: Fri, Feb 27 2009. 05 35 PM IST