Tuesday, July 1, 2008
Corporate news: Reliance Infrastructure Ltd
Reliance Infrastructure Ltd has informed that:
Pursuant to clause 36(7)(ii) of the listing agreement, we wish to
notify you of the amalgamation of Reliance Projects Finance Pvt Ltd
(transferor Company) with Reliance Infrastructure Ltd (transferee
Company). The relevant details of the amalgamation are furnished
hereunder:
1. The High Court of Judicature at Bombay by its order dated June 20,
2008 sanctioned the Scheme of Amalgamation and Arrangement between
Reliance Projects Finance Pvt Ltd, Reliance Infrastructure Ltd and
their respective Shareholders and Creditors (Scheme);
2. Upon filing of the said order with the Registrar of Companies,
Maharashtra, Mumbai, the Scheme has become effective on June 30,
2008;
3. Filing of separate application and petition by Reliance
Infrastructure Ltd (the transferee Company) was dispensed with by the
High Court of Judicature at Bombay vide its order dated April 08,
2008;
4. Since the transferor Company is a wholly owned subsidiary of the
transferee Company, no new shares are required to be issued to the
members of the transferor Company and the entire share capital of the
transferor Company stands cancelled in accordance with the Scheme.
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