47.70 (3.43%) With reference to communication dated June 28, 2018 regarding application made by the company to Reserve Bank of India, in terms of the Foreign Exchange Management (Cross Border Merger) Regulations 2018 for its approval for the proposed amalgamation of Reliance Holding USA Inc, a wholly owned step down subsidiary of the company with Reliance Energy Generation and Distribution Limited (REGDL), a wholly owned subsidiary of the company and subsequent amalgamation of REGDL with the company, Reliance Industries has informed that RBI has accorded its approval to the said application and the Board will consider the said proposal for amalgamation at a meeting.
The above information is a part of company’s filings submitted to BSE.