Seven years ago, it was the largest ever merger in the history of corporate India. Reliance Petroleum (RPL) merged with Reliance Industries (RIL). The ratio then was one share of RIL for every 11 shares of RPL. History repeats itself as the board of RIL will meet on March 2 , to consider and recommend the amalgamation of its unit RPL with itself. RPL said its board would meet on March 2 and consider and recommend the amalgamation. Chevron holds a 5% stake in RPL while RIL owns 70.38% of RPL. This weekend market will speculate on the possible ratios.
Saturday, February 28, 2009
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