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RNRL : RPOWER merge, swap ratio 4:1

Posted on: July 4th 2010 in Stock News.

The boards of two Anil Ambani-led power majors, Reliance Natural Resources and Reliance Power, on Sunday approved the merger of the two companies in a 4:1 share swap ratio. RNRL shareholders will get one Reliance Power shares for every four held. However, the exchange ratio will be based…

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