(07-Dec-2012 Hours IST)
Reliance Power Ltd has informed BSE that a meeting of the Board of Directors of the Company held on December 01,2012, inter alia,The Board of Directors of the Company,have,considered and approved the Scheme of Amalgamation (the 'Scheme') of Reliance Clean Energy Private Limited (the Transferor Company),its 100% Subsidiary Company with Reliance Power Limited (the Transferee Company) under sections 391 to 394 of the Companies Act,1956.As per the Scheme,no shares are proposed to be issued since the entire share capital of Reliance Clean Energy Private Limited is held by Reliance Power Limited and its nominees. Reliance Power Ltd has informed BSE that the Board of Directors of the Company, have, considered and approved the Scheme of Amalgamation (the 'Scheme') of Reliance Clean Energy Private Limited (the Transferor Company), its 100% Subsidiary Company with Reliance Power Limited (the Transferee Company) under sections 391 to 394 of the Companies Act, 1956. As per the Scheme, no shares are proposed to be issued since the entire share capital of Reliance Clean Energy Private Limited is held by Reliance Power Limited and its nominees. Further the Company has informed that, the Company will not be filing any application with the High Court. In this regard, the Company has submitted to BSE a copy certified extracts from the resolution passed by the Board of Directors of the Company on December 01, 2012. (As per BSE Announcement Dated on 07.12.2012)
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