Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
RELINFRA · price
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The Board of Reliance Infrastructure has approved an amendment to the Scheme of Arrangement between the company and its wholly-owned subsidiary, Reliance Velocity Limited (RVL). The amendment changes the Appointed Date of the Scheme from March 31, 2025 to the Effective Date. This is a follow-up to an earlier communication dated March 8, 2025 regarding the same scheme. The scheme continues to be subject to necessary statutory and regulatory approvals. Since RVL is a 100% subsidiary, this is effectively a merger of a wholly-owned unit into the parent company.
This is largely a procedural update to an internal restructuring exercise and should not materially change the consolidated position of Reliance Infrastructure. Shareholders should monitor for further updates on the effective date and any required NCLT/regulatory approvals before the scheme becomes effective.