Reliance Industries has received approval from Reserve Bank of India for cross-border amalgamation of Reliance Holding USA Inc, a wholly owned step-down subsidiary of the company with Reliance Energy Generation and Distribution (REGDL), a wholly owned subsidiary of the company, and subsequent amalgamation of REGDL with the company. The board of directors of the company will consider the same in a meeting.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1361.90 |
| Indian Oil Corp. | 147.60 |
| BPCL | 317.70 |
| HPCL | 383.45 |
| MRPL | 183.60 |
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