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Our Bureau

Mumbai , Dec. 21

RELIANCE Industries Ltd has informed stock exchanges on Wednesday that its demerger scheme has become effective today.

This has been possible as a certified copy of the Bombay High Court order dated December 9 sanctioning the scheme of arrangement between RIL and the `resulting companies' - Reliance Energy Ventures Ltd, Global Fuel Management Services Ltd, Reliance Capital Ventures Ltd and Reliance Communication Ventures Ltd - and their respective shareholders and creditors has been filed with the Registrar of Companies on December 21.

The scheme of arrangement is for the demerger of the coal-based energy undertaking, the gas-based energy undertaking, the financial services undertaking and the telecommunications undertaking of RIL into each of the resulting companies, respectively.

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