Reliance Industries (RIL) , the country's most valued company, today said the Bombay High Court has approved merger of group firm Reliance Petroleum (RPL) with the company.

The Bombay High Court has sanctioned the scheme of amalgamation of RPL with RIL, Mukesh Ambani-led company said in a filing to the Bombay Stock Exchange (BSE).

BSE  |  NSE Price

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Consequently "RPL stands dissolved without winding-up," the company added.

Shares of RIL were trading at Rs 2,144.05, up 0.14 per cent, whereas RPL was quoted at Rs 132.20, up 0.76 per cent, in the afternoon trade on BSE.

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