Relience Power and Natural Resources Shareholders Aprove Merger with Anil Dhirubhai Ambani Group
Wednesday, September 8th, 2010Reliance Power and Reliance Natural Resources shareholders have approved the merger of the two Anil Dhirubhai Ambani Group (ADAG) companies in a $11 billion all-stock deal. The conversion rate is four shares of Reliance Natural for every Reliance Power share. The exchange ratio was based on the valuation made by global consultancy firm KPMG. Merged [...]
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