The shareholders of Reliance Infrastructure Ltd (RInfra) on Tuesday approved the Scheme of Arrangement (Scheme) for demerger of the six divisions of the company. The demerger was carried according to the Sections 391 to 394 of the Companies Act, 1956, the company said in a press release. Dahanu Thermal Power Station has been transferred to Reliance Energy Generation Ltd, Goa and Samalkot Power Stations to Reliance Goa and Samalkot Power Ltd. Power Transmission Division to Reliance Power Transmission Ltd, Power Distribution Division to Reliance Energy Ltd, Roads Division to Reliance InfraVentrues Ltd and Real Estate Division to Reliance Property Developers Ltd. All the resulting companies are wholly owned subsidiary companies of RInfra.
Source: The Hindu BusinesslineRInfra arrangement for demerger
Industry: Power 2016-04-03
