Reliance Industries Limited (RIL) and Reliance Petroleum (RPL) Merger

The board of directors of Reliance Industries (RIL) and Reliance Petroleum (RPL) on Monday approved the merger of the two firms, creating one of the world’s largest petrochemical entity.

Swap ratio of RIL RPL merger
They offered the shareholders of RPL one RIL share for every 16 shares held by them. Experts say that the share swap ratio was in favour of RPL.

Share prices of RIL & RPL after the merger announcemnet
Shares of the Reliance Industries (country’s largest private sector firm) on Monday opened in the negative territory, while its refining subsidiary Reliance Petroleum started the day on a bullish note on the Bombay Stock Exchange. Shares of Reliance Industries opened down 1.24%, then dipped further to touch an intra-day low of Rs 1,213.20, a fall of 4.09% from its last closing price. Meanwhile, shares of RPL opened up 7.61% on the BSE, and touched its intra-day high of Rs 82 after the board approved the scheme of amalgamation.

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