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Source: media reports

RIL investors to discuss unit merger on 4 April

RIL investors to discuss unit merger on 4 April
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First Published: Thu, Mar 12 2009. 09 44 PM IST
Updated: Thu, Mar 12 2009. 09 44 PM IST
Mumbai: Reliance Industries Ltd (RIL) said its shareholders will meet on 4 April to discuss and approve the purchase of its petroleum unit. The date of the meeting has been decided according to a Bombay high court order on 6 March, RIL said in a statement to the National Stock Exchange on 9 March.
RIL offered one of its shares for every 16 held in unit Reliance Petroleum Ltd as it seeks to buy back its crude processing unit.
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First Published: Thu, Mar 12 2009. 09 44 PM IST