Reliance Power has received its board’s approval to merge Reliance Clean Energy, its 100% subsidiary company with itself 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 is held by Reliance Power and its nominees. The company’s board gave the approval for the same at its meeting held on December 7, 2012.
Reliance Power is a part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally.
