RIL gets HC approval for RPL merger

RIL gets HC approval for RPL merger

Mumbai: Reliance Industries on Monday said the Bombay High Court has approved merger of group firm Reliance Petroleum Ltd with the company.

The Bombay High Court has sanctioned the scheme of amalgamation of RPL with Reliance Industries, Mukesh Ambani-led company said in a filing to the Bombay Stock Exchange (BSE).

The High Court of Gujarat has also sanctioned the scheme, it added.

“The High Court orders have been filed with the respective offices of the registrar of companies and the scheme has become effective on 11 September 2009, with appointed date being 1 April 2008," RIL said.

Consequently “RPL stands dissolved without winding-up," the company added.

Shares of RIL were trading at ,144.05, up 0.14%, whereas RPL was quoted at 32.20, up 0.76%, in the afternoon trade on BSE.