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RIL-RPL merger gets nod
March 3, 2009
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.
Video: ANI
Also see: Reliance creates biggest refining operations
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