Reliance Infrastructure equity shareholders approve Scheme of Arrangement with subsidiaries
Reliance Infrastructure Ltd has announced that the equity shareholders of the Company at its Court Convened meeting pursuant to the Order of the Hon'ble High Court of Judicature at Bombay, held in June 09, 2009 have approved the Scheme of Arrangement between the Company and its Wholly owned subsidiaries Reliance Energy Generation Ltd, Reliance Goa and Samalkot Power Ltd, Reliance Power Transmission Ltd, Reliance Energy Ltd, Reliance Infraventures Ltd and Reliance Property Developers Ltd and their respective shareholders and creditors under Sections 391 to 394 of the Companies Act, 1956.
Reliance - from a technical perspective - has given a breakout.