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RIL-RPL merger approved; 16:1 is the swap-ratio..By SKRungta on Mar 02, 2009 at 11:15 AM
Ina an attempt to create greater value for the shareholders, Reliance Industries (Reliance) on Monday approved a scheme of amalgamation of its subsidiary company Reliance Petroleum (RPL) with the parent company, RIL. The major highlights of this merger are: * RIL-RPL Merger: Swap ratio at 16:1. * RIL to extinguish Treasury Stock. * Merger to be effective from April 1, 2008. * RIL to issue 6.92 cr shares to RPL shareholders. * Merger to give no tax relief for RIL. * Merger to be EPS positive. Comment | Report Abuse | Viewed : 163 times
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Disclaimer: Above recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments; no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.
Disclaimer: Above recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments; no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.
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