Reliance Infrastructure Ltd has informed BSE that the Committee of Directors of the Company at their meeting held on January 31, 2009, considered and approved a Scheme of Arrangement between Reliance Infrastructure Ltd, Reliance Energy Generation Ltd, Reliance Goa & Samalkot Ltd, Reliance Power Transmission Ltd, Reliance Energy Ltd, Reliance Infraprojects Ltd, Reliance InfraVentures Ltd and Reliance Property Developers Ltd and their respective shareholders and creditors ('the Scheme') under section 391 to 394 of the Companies Act, 1956. The salient features of the Scheme are as under: 1. Appointed Date for Scheme of Arrangement is March 31, 2009. 2. The Scheme envisages transfer of various Divisions of Reliance Infrastructure Ltd as under to various Resulting Companies i.e. wholly owned subsidiaries. 2.1 Divisions : Dahanu Thermal Power Station Resulting Companies: Reliance Energy Generation Ltd 2.2 Divisions : Goa & Samalkot Power Station Resulting Companies: Reliance Goa and Samlkot Ltd 2.3 Divisions : Transmission Division Resulting Companies: Reliance Power Transmission Ltd 2.4 Divisions : Distribution Division Resulting Companies: Reliance Energy Ltd 2.5 Divisions : EPC Division Resulting Companies: Reliance Infraprojects Ltd 2.6 Divisions : Toll Road Division Resulting Companies: Reliance InfraVenture Ltd 2.7 Divisions : Real Estate Division Resulting Companies: Reliance Property Developers Ltd Pursuant to the Scheme, there will be no change in the capital structure of the Company. No Shares or securities will be issued or cancelled. 3. The Scheme is subject to requisite consent, approval of the requisite majority of the shareholders, lenders, creditors of Reliance Infrastructure and resultant Companies, stock exchanges, the Bombay High Court, and the permission or approval of the Central Government or any other statutory or regulatory authority, which by law may be necessary for the implementation of the Scheme. In this regard, the Company has issued the following Media Release: Media Release: "The Committee of Directors of Reliance Infrastructure Ltd on January 31, 2009 approved the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956 for transfer and vesting of various division of Reliance Infrastructure to its wholly owned subsidiaries. The re-organization exercise would achieve the following for the R Infra Group: · Simplified and transparent business structure and alignment of interest of various stake holders · Focused management · Greater transparency on the performance of individual businesses · Attract and retain quality talent · value unlocking enabled - Possibility of investments by strategic / financial players in different businesses · Optimal financing structure for individual businesses · Tax efficiency for individual businesses The Scheme envisages transfer of various Divisions of Reliance Infrastructure Ltd to various Resulting Companies to under: · Dahanu Thermal Power Station to Reliance Energy Generation Ltd · Power Transmission Division to Reliance Power Transmission Ltd · Power Distribution Division to Reliance Energy Ltd · EPC Divisions to Reliance InfraProjects Ltd · Toll Roads Division to Reliance InfraVentures Ltd · Real Estate Division to Reliance Property Developers Ltd Pursuant to the Scheme, there will be no change in the capital structure of the Company. No Shares or securities will be issued or cancelled. The Scheme is subject to requisite consent of shareholders, lenders, creditors of RInfra and resultant Companies, stock exchanges, the Bombay High Court, and the permission or approval of the Central Government or any other statutory or regulatory authority, which by law may be necessary for the implementation of the Scheme."