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Reliance Industries Ltd.

BSE: 500325 Sector: Oil & Gas
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Approval Of The Scheme Of Arrangement Amongst Reliance Jio Infocomm Limited And Certain Classes Of I

March 18, 2020, 7:47 pm | Source: BSE

We refer to the disclosure made by Reliance Jio Infocomm Limited (RJIL) a wholly owned subsidiary of the Company dated March 18 2020 regarding approval of the Scheme of Arrangement amongst RJIL and certain classes of its creditors (the Scheme) by the Honble National Company Law Tribunal Ahmedabad Bench for transfer of certain identified liabilities (Identified Liabilities) to the Company.

Accordingly the Identified Liabilities of RJIL stand transferred to the Company.

There shall be no impact on the consolidated debt of the Company on account of assumption of the Identified Liabilities of RJIL.