1:11 Swap Ratio For Ril, Rpl Merger

The boards of Reliance Industries (RIL) and Reliance Petroleum (RPL) today unanimously approved the merger of RPL with RIL, with the swap ratio set at 1RIL share for every 11 RPL share. The merger will take retrospective effect from April 1, 2001 and will lead to a 32 per cent increase in RIL