Reliance Industries (RIL) on Saturday approved the amalgamation of Indian Petrochemicals Corporation Ltd (IPCL) with itself, with the share swap ratio pegged at 1:5.
It means shareholders of IPCL will get one RIL share for every five shares they hold. The board of IPCL has also approved the merger with RIL. The merger will be effective from April 1, 2007, an RIL release said.
Read more inThe Times of India article.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment