Recent Event Highlights: RIL blackmail case: Chargesheet filed against lawyers - Times of India, Reliance Industries receives court approval to merge with Reliance ... - Trading Markets (press release), RIL fixes Sept 29 as the record date for RPL merger - Economic Times, RIL fixes Sept 29 as the record date for RPL merger, RIL options point to weakness - Economic Times, RoC gives clean chit to RIL-RPL merger - Rediff, and 13 more...
Created by dipity on Mar 1, 2009
Last updated: 09/26/10 at 11:22 PM
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RIL blackmail case: Chargesheet filed against lawyersTimes of IndiaThey allegedly had demanded Rs 50 lakh to withdraw their petition from the Bombay High Court objecting to the RIL-RPL merger. The lawyers duo was later ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Ftimesofindia.indiatimes.com%2FCity%2FAhmedabad%2FRIL-blackmail-case-Chargesheet-filed-against-lawyers%2Farticleshow%2F6029844.cms&usg=AFQjCNFHIO494Ihjw7iwGewqSQxh0Zf0xA
Reliance Industries receives court approval to merge with Reliance ...Trading Markets (press release)The shareholders and creditors of RIL have approved the company's proposed merger with RPL. RIL has agreed to merge with RPL. Under the terms of the merger ...Reliance Petroleum fixes record date for merger with RILEquity Bullsall 2 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.tradingmarkets.com%2F.site%2Fnews%2FStock%2520News%2F2528681%2F&usg=AFQjCNH_h-QC7sTd6aBpI6PcFHJHyoyN-g
RediffRIL fixes Sept 29 as the record date for RPL mergerEconomic TimesEarlier in March, the board of both the companies had approved the all-share merger deal between the two Mukesh Ambani group firms- RIL and RPL. ...RIL gets HC approval for RPL mergerBusiness StandardRIL fixes Sept 29 as record date for RPL shareholdersFinancial ExpressRIL gets courts' nod to merge RPL with itselfmydigitalfc.comMyiris.comall 142 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Feconomictimes.indiatimes.com%2FNews-by-Industry%2FRIL-fixes-Sept-29-for-RPL-merger%2Farticleshow%2F5015474.cms&usg=AFQjCNGghLDURLOCdSaBUCFWshADQ_i3Uw
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...of amalgamation of RPL with the company," RIL said in a filing to the stock exchanges. Yesterday, RIL had said it has received the Bombay High Court order for the said merger with RPL. Shares of RIL closed at Rs 2,180.15, up 1.55 per cent on the BSE. ...
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Economic Times
http://economictimes.indiatimes.com/RIL-fixes-Sept-29-as-the-record-date-for-RPL-merger/articleshow/5015474.cms
Bathinda refinery carriage capacity to be doubledGaea TimesAnnouncing the launch, Reliance Petroleum, a subsidiary of RIL, said the entire refinery complex at Gujarat's Jamnagar will attain full capacity shortly. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fblog.taragana.com%2Fn%2Fbathinda-refinery-carriage-capacity-to-be-doubled-163702%2F&usg=AFQjCNHxQnx-D7OsqhRcBrLnOPhGaPXvRg
RIL options point to weaknessEconomic Times... a company spokesperson said, “The Gujarat High Court is yet to give its written order on the proposed merger of Reliance Petroleum with RIL. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Feconomictimes.indiatimes.com%2FNews%2FNews-By-Industry%2FEnergy%2FRIL-options-point-to-weakness%2Farticleshow%2F4980679.cms&usg=AFQjCNHCNbp2aBxgsoskD7iWRC7mG-0Syw
Column : The unsolved mystery of organisationFinancial ExpressEqually puzzlingly, when and why do they merge them like RIL and RPL recently did? How come value gets created in some brotherly splits? ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.financialexpress.com%2Fnews%2Fcolumn-the-unsolved-mystery-of-organisation%2F508456%2F&usg=AFQjCNHJJE-lzGakdb5xMMORBNB19CYDBQ
RediffRoC gives clean chit to RIL-RPL mergerRediffThe Council, in its complaint, had alleged that RIL-RPL merger was not in the interest of the shareholders and aimed at benefiting Mukesh Ambani personally. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fbusiness.rediff.com%2Freport%2F2009%2Faug%2F28%2Freliance-roc-gives-clean-chit-to-ril-rpl-merger.htm&usg=AFQjCNHHUNU4cjR1_6zxgPMgiUvlBY1hiQ
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...by a little-known investor body Indian Council of Investors. The Council, in its complaint, had alleged that RIL-RPL merger was not in the interest of the shareholders and aimed at benefiting Mukesh Ambani personally. Even a Member of Parliament Abani...
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Business Standard
http://feedproxy.google.com/~r/Business-Standard-News-Now/~3/aWbjei9rTsw/storypage_c.php
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... Last month, RIL merged RPL with itself in an all-share deal valued at about Rs 8,500 crore. The merger also involved RIL buying back Chevrons 5% stake in RPL for Rs 1,350 crore. Pursuant to the acquisition, the promoter group firm RIL holds a 75.38% stake...
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Expressindia.com
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http://www.financialexpress.com/news/RIL-buys-back-Chevrons-5-RPL-stake/453125/
RIL RPL merger : Shareholder opinion soon
here may have been no drama unfolding at the media briefing of Reliance Industries but its certainly a historic moment for the company.
Mukesh Ambani's Reliance, India's most valuable company by market cap, is now an oil giant today. The RIL-RPL merger makes for the world's largest refinery with over 1.24 million barrel per day of refining capacity.
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... The Boards of Directors of Reliance Industries Limited (RIL) and Reliance Petroleum Limited (RPL) unanimously approved RPL’s merger with RIL, subject to necessary approvals. The exchange ratio recommended by both boards is 1 (one) share of RIL for every...
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Fibre2Fashion.com
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http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=69712
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...(RIL) and Reliance Petroleum (RPL) on Monday approved the merger of the two firms, with a swap ratio of one RIL share for 16 RPL shares. The merger will be effective from April 1, 2008, while the record date is yet to be announced . Brokers said the swap ratio...
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Times of India
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http://economictimes.indiatimes.com/News/Its-advantage-RPL-in-116-merger-with-RIL-/rssarticleshow/4215762.cms
New Delhi, March 2 (ANI): In one of the largest merger deals in India,Reliance Petroleum will merge with its parent and the country's biggest company,Reliance Industries,in what the promoters say will create better synergies for them in the hydrocarbons space.The board of the two companies met in Mumbai on Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.
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...today dropped to an intra-day low of Rs 1,213.20, down four per cent following the announcement of merger of RPL with RIL, while RPL scrip nosedived over eight per cent to an intra-day low of Rs 70 on the Bombay Stock Exchange. At the market close, RIL was...
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Economic Times
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http://economictimes.indiatimes.com/News/News-By-Industry/Energy/Oil--Gas/RIL-RPL-merger-Its-action-replay-after-seven-years/rssarticleshow/4213630.cms
Zee NewsRIL, RPL boards give nod to mega mergerZee News, IndiaThe merger takes effect from April 1, 2008. The share swapping between RIL and RPL has been agreed at 1:16, ie RPL shareholders will get one RIL share in return of their 16 RPL shares. RIL also gave nod to extinguishing Treasury Stock. ...RIL To Acquire Chevron's Stake In RPL For Undisclosed Sum ... RTT NewsSee higher revenue post RIL-RPL merger: Shailesh Haribhakti Moneycontrol.comRPL-RIL merge to form an oil refining giant SamayLiveAFP - Hindu Business Lineall 258 news articles
http://www.zeenews.com/business/companiescommodities/2009-03-02/511811news.html
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...dividend to RIL, it would have attracted dividend distribution tax of 17.99%. Thus, the merger allows RIL flexibility in using RPL’s Cash flows. The proposed merger could benefit RIL in taking advantage of RPL’s depreciation. While calculating book profit,...
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livemint.com
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http://www.livemint.com/2009/03/02090708/RILRPL-merger-Who-benefits.html
Moneycontrol.comFIIs net sell Rs 463 cr in cash markets on FridayMoneycontrol.com, IndiaBy Varinder Bansal, CNBC-TV18 Reliance Industries, RIL board meet will consider merger with Reliance Petroleum, RPL. The combined entity will be 16.8% of market cap of all Sensex companies. FIIs were net sellers to the tune of Rs 463 crore while DIIs ...
http://www.moneycontrol.com/india/news/local-markets/fiis-net-sell-rs-463-crcash-marketsfriday/387314
SifyWeek ahead: Trade cautiously in equitiesSify, IndiaThe RIL-RPL merger will be in favor of RIL shareholders and will be more than the 1:16.5 shares, which a simple price division indicates. RIL is a profit making company and also owns 70% of RPL, which makes RPL a subsidiary of RIL. ...
http://sify.com/finance/equity/fullstory.php?id=14863463&cid=20757
Hindu Business LineIndex OutlookHindu Business Line, IndiaConversely, if the RIL-RPL merger set the bourses on fire on Monday, the Sensex can rally higher to 9178 or 9304. It is hard to envisage a rally past the resistance band between 9300 and 9400 just yet. Nifty recovered from a low at 2677 on Monday but ...
http://www.thehindubusinessline.com/iw/2009/03/01/stories/2009030150210900.htm
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...a giant with a place among the worlds biggest non-state petroleum companies. This would be the second merger between RIL and RPL. RPL (the first refinery project) had merged with RIL in 2002 to consolidate its operations. However, later in May 2006, RPL,...
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Indian Express
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http://www.indianexpress.com/news/rilrpl-merger-to-create-petro-giant/429070/
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...2008, RIL promoters subscribed warrants of RIL to increase their effective stake in the company to over 50%. In the present RPL merger, promoters' holding in RIL will decline as they don't own any share of RPL and RIL owns 70.38% stake in the company. According...
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Times of India
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http://economictimes.indiatimes.com/News/RPL_4th_subsidiary_to_be_gobbled_up_by_parent/rssarticleshow/4204048.cms
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...2008, RIL promoters subscribed warrants of RIL to increase their effective stake in the company to over 50%. In the present RPL merger, promoters' holding in RIL will decline as they don't own any share of RPL and RIL owns 70.38% stake in the company. According...
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Times of India
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http://economictimes.indiatimes.com/News/RPL-4th-subsidiary-to-be-gobbled-up-by-parent/rssarticleshow/4204048.cms
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...of a merger between Reliance Industries (RIL) and Reliance Petroleum Ltd. RIL was then into petrochemicals business, while RPL was refining crude oil. The motive was clear: a merger engendered sales tax benefits, depreciation benefits and a much stronger balance...
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DNA India
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http://www.dnaindia.com/report.asp?newsid=1234882
Moneycontrol.comCost control reason for RIL-RPL merger: HP RaninaMoneycontrol.com, IndiaThat is the real reason for this merger." Ranina is of the view that companies today, irrespective of merger, are trying to have a common source for purchase of raw materials, consumables and other stores because that brings down the cost to a great ...
http://www.moneycontrol.com/india/news/business/cost-control-reason-for-ril-rpl-merger-hp-ranina/387227
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...in Reliance Petroleum appears unlikely, Merrill sees Chevron exiting Reliance Petroleum by July 2009 and then it expects RIL – RPL merger to take place. Merrill Lynch has advised its investors holding Reliance Petroleum shares to switch to Reliance Industries...
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NDTV
http://www.ndtvprofit.com/homepage/storybusinessnew.asp?id=42246&template=
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