Bombay High Court approves merger of RIL, RPL
The Bombay High Court dismissed an appeal filed by two shareholders against the merger of Reliance Industries Ltd and Reliance Petroleum Ltd.india Updated: Aug 03, 2009 13:19 IST
The Bombay High Court on Monday dismissed an appeal filed by two shareholders against the merger of Reliance Industries Ltd (RIL) and Reliance Petroleum Ltd (RPL).
A Division Bench led by Justice Bilal Nazki today dismissed the appeal. The Bench also did not grant a stay on its own order.
Earlier a single judge of the High Court had approved the merger, but Anup Sheth and Rasikbhai Mardia, minority shareholders of both RIL and RPL, had challenged it before a Division Bench.