IPCL to merge with Reliance Industries

Saturday, March 17, 2007, 11:55 [IST]

Mumbai, Mar 07 (UNI) Reliance Industries Ltd (RIL), controlled by Mukesh Ambani, is all set merge one of its group company Indian Petrochemicals Corporation Ltd(IPCL) with it.

Indicating this in a notice to BSE, the company said it has convened a board meeting on March 10, 2007 to consider and recommend the merger of IPCL with the RIL.

RIL scrip today ended at Rs 1289.35, a fall of Rs 10.35 from the previous closing.

UNI

Topics: BUSINESS-RIL/IPCL-MERGER

Other articles published on March 17, 2007

Erstwhile PSU IPCL to merge with Reliance Ind

Saturday, March 17, 2007,11:55 [IST]

Ahmedabad, Mar 7 (UNI) Reliance Industries Ltd (RIL), controlled by Mukesh Ambani, is all set merge the erstwhile Public Sector company Indian Petrochemicals Corporation Ltd(IPCL), which the Reliance had bought as the strategic partener in 2002 by acquiring 26 per cent equity from the Union government. The company has sent a notice to the Bombay and National stock exchanges, stating that the board of directors will meet on March 10 to consider the merger of IPCL with the RIL. The merger.....

Call money closes flat at 5.40-5.60 pc

Saturday, March 17, 2007,11:55 [IST]

Mumbai, Mar 13 (UNI) Call money rates continued to trade soft and closed unchanged at 5.40-5.60 per cent from it last close, traders said. For the second straight day, the LAF reverse repo numbers topped Rs 30,000 crore which is more than the estimated outflows owing to the advance taxes. As a result, call rates continued to trade on the lower side despite yesterday's state loan auction and the MSS bond auction to be held later today. The 1-day.....

Limitless Updates

Business News

News Archives

Panic gripped hospital following bomb scare

Saturday, March 17, 2007,11:55 [IST]

Karnal, Feb 22 (UNI) Panic gripped the civil hospital here today following information that bombs were planted in the hospital premises. Superintendent of Police Shibas Kaviraj said a letter to this effect was found hanging over a dustbin in a hospital corridor, stating that five bombs were planted in the hospital complex. The letter also stated that five railway stations and five trains--including Dadar Express--would be blown up if Parliament attack convict Afzal Guru was hanged. With no mention of.....

HC reserves order on appeal for Feb 23

Saturday, March 17, 2007,11:55 [IST]

Chennai, Feb 22 (UNI) Madras High Court today reserved orders for tomorrow, on the appeals filed by DMDK founder leader and actor Vijayakant, his wife and others, against an order of a single judge, dismissing their petitions, challenging the acquisition of lands and a marriage hall owned by them by the Union Government to construct a grade separator in Koyambedu. A Division Bench comprising Chief Justice A P Shah and Mr Justice K Chandru reserved orders for tomorrow, after hearing elaborate.....

Panchayat chief murdered

Saturday, March 17, 2007,11:55 [IST]

Tiruchirapalli, Feb 22 (UNI) A panchayat president was hacked to death by a five-member armed gang at Kilikkoodu here today. Special Branch Police sources said Kilikkoodu Panchayat President S Ranganathan was stopped by the gang while he was on way to his office on a motorcycle. The gang attacked him with sickles killing Ranganathan on the spot. Police suspect previous enmity with Ex-President Balakrishnan as the reason behind the murder. Samayapuram Tollgate Police have registered a case and launched a search.....