Bombay HC rejects appeal against RIL-RPL merger

The Bombay High Court today dismissed an appeal filed by two shareholders against the merger of Reliance Industries (RIL) and Reliance Petroleum (RPL).

A Division Bench led by Justice Bilal Nazki today dismissed the appeal. The Bench also did not grant a stay on its own order.

Earlier a single judge of the High Court had approved the merger, but Anup Sheth and Rasikbhai Mardia, minority shareholders of both RIL and RPL, had challenged it before a Division Bench.