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Reliance Power Ltd Updates on Scheme of Amalgamation

Friday, 7 Dec 2012 07:30am EST 

Reliance Power Ltd announced that the board of directors of the Company have considered and approved the Scheme of Amalgamation of Reliance Clean Energy Private Limited (the Transferor Company), its 100% Subsidiary Company with Reliance Power Ltd (the Transferee Company) under sections 391 to 394 of the Companies Act, 1956. As per the Scheme, no shares are proposed to be issued since the entire share capital of Reliance Clean Energy Private Limited is held by Reliance Power Limited and its nominees.