Reliance Natural Slides 25% - RNRL merger

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Reliance Natural Resources Ltd ("RNRL") has informed BSE that the Board of Directors of the Company at its meeting held on July 04, 2010 has approved amalgamation of RNRL with Reliance Power Ltd. (Reliance Power), a group Company, through a Scheme of amalgamation.


The scheme envisages an exchange ratio of 1 equity share of Reliance Power for every 4 (four) equity shares of RNRL. The exchange ratio is based on the valuation made by KPMG.

The proposed Scheme will be subject to all necessary permissions and approvals as may be required.



In this regard, the Company has issued a Media Release dated July 04, 2010 titled "Reliance Natural Resources Ltd. (RNRL) to merge with Reliance Power Ltd. in an over Rs. 50,000 crore (US$ 11 Billion) all stock deal"

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