Reliance Industries : Composite Scheme of Amalgamation and Plan of Merger amongst Reliance Holding USA Inc. and Reliance Energy Generation and Distribution Limited, both WOS of Reliance Industries Limited (RIL) and RIL and their respective Shareholders– Further update
August 07, 2020 at 02:44 am EDT
Share
August 6, 2020
BSE Limited
National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,
Exchange Plaza, Plot No. C/1,
Dalal Street,
G Block, Bandra - Kurla Complex,
Mumbai 400 001
Bandra (East),
Mumbai 400 051
Scrip Code: 500325 / 890147
Trading Symbol: RELIANCE / RELIANCEPP
Dear Sirs,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Composite Scheme of Amalgamation and Plan of Merger amongst Reliance Holding USA Inc. ("RHUSA") and Reliance Energy Generation and Distribution Limited ("REGDL"), both wholly-owned subsidiaries of Reliance Industries Limited ("RIL") and RIL and their respective Shareholders ("Scheme") - Further update
This is further to the various disclosures made by the Company on the captioned subject. We wish to inform you that the final hearing on the Scheme was conducted by the Hon'ble National Company Law Tribunal, Mumbai bench, ('NCLT') on July 27, 2020. Order sanctioning the Scheme has been uploaded on the website of NCLT on August 6, 2020.
A certified copy of the order is awaited.
Appointed date of the Scheme is opening hours of March 1, 2020. The Scheme will be effective upon filing of certified copy of the order of the NCLT with the Registrar of Companies, Mumbai.
We request you to take the same on record.
Thanking you,
Yours faithfully,
For Reliance Industries Limited
Savithri Parekh
Joint Company Secretary & Compliance Officer
Copy to:
The Luxembourg Stock Exchange
Singapore Stock Exchange
Societe de la Bourse de Luxembourg
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35A boulevard Joseph II
#19- 00 SGX Centre 1,
B P 165, L-2011 Luxembourg
Singapore 068804
Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India
Reliance Industries Ltd. published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 06:43:18 UTC
Reliance Industries Ltd is a diversified group organized around 6 areas of activity:
- refining of petroleum products (58.4% of net sales): liquefied petroleum gas, propylene, naphtha, gasoline, kerosene, etc. At the end of March 2021, the group operated a refinery in India. The group also produces petrochemicals (polyethylene, polypropylene, polyvinyl chloride, polyester, purified terephthalic acid, paraxylene, ethylene, olefins, benzene, butadiene, acrylonitrile and caustic soda);
- distribution of consumer products (28.3%): distribution of food products, clothing and accessories, consumer electronics, etc. through a network of 12,711 stores in India;
- digital services (5.1%);
- exploration and production of crude oil and natural gas (0.3%);
- financial services (0.2%);
- other (7.7%): telecommunications and media services, textile manufacturing, etc.
India accounts for 61.5% of net sales.
Reliance Industries : Composite Scheme of Amalgamation and Plan of Merger amongst Reliance Holding USA Inc. and Reliance Energy Generation and Distribution Limited, both WOS of Reliance Industries Limited (RIL) and RIL and their respective Shareholders– Further update