RIL gets court approval for RPL merger

Reliance Industries said on Monday 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.

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 September 11, 2009, with appointed date being April 1, 2008," RIL said.

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

Shares of RIL were trading at Rs 2,144.05, up 0.14 per cent, whereas RPL was quoted at Rs 132.20, up 0.76 per cent, in the afternoon trade on BSE.

Image: Mukesh Ambani