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99.99% RIL shareholders vote for scheme of O2C demerger
By IANS |
Published on
Fri, Apr 2 2021 13:36 IST |
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India s ongoing rally might get extended, if the market s big bull Reliance Industries stock started to participate in the up-move, say market watchers.. Image Source: IANS News
New Delhi, April 2 : An astonishing 99.99 per cent votes were cast by shareholders in favour of Reliance Industries Limited (RIL) for the scheme of arrangement of RIL O2C demerger .
NCLT vide its order dated February 11 had directed Reliance Industries Limited as the Transferor Company to hold a meeting of its equity shareholders to consider and, if thought fit, to approve, with or without modification, the proposed scheme of arrangement between the Transferor Company and its shareholders and creditors and Reliance O2C Limited as the transferee company and its shareholders and creditors.