Mumbai High Court reject appeal against RIL-RPL merger

Industry:    April, 2016

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

 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