IPCL to merge with Reliance Industries

Mumbai, Mar 07 (UNI) Reliance Industries Ltd (RIL), controlled by Mukesh Ambani, is all set merge one of its group company Indian Petrochemicals Corporation Ltd(IPCL) with it.

Indicating this in a notice to BSE, the company said it has convened a board meeting on March 10, 2007 to consider and recommend the merger of IPCL with the RIL.

RIL scrip today ended at Rs 1289.35, a fall of Rs 10.35 from the previous closing.

UNI