Reliance allots shares to IPCL shareholders

Reliance Industries Ltd has informed that pursuant to the Scheme of Amalgamation of Indian Petrochemicals Corporation Ltd (IPCL) with Reliance Industries Ltd (the Company / RIL), the Company on October 13, 2007 has issued and allotted 6,01,40,560 fully paid up equity shares of Rs 10/- each to the shareholders of the erstwhile IPCL as on the record date, i.e., October 12, 2007, in the ratio of 1 (one) equity share of RIL for every 5 (five) equity shares of IPCL.

Reliance Industries, IPCL

Reliance Industries Ltd had informed the Exchange vide its letter dated September 03, 2007 regarding Amalgamation of Indian Petrochemicals Corporation Limited with the Company. The Company has further informed the Exchange on September 05, 2007 that: "The certified copies of the orders of the Hon'ble High Court of Gujarat at Ahmedabad and the Hon'ble High Court Judicature at Bombay, sanctioning the Scheme of Amalgamation of Indian Petrochemicals Corporation Ltd (IPCL") with Reliance Industries Limited (the "Company")(the “Scheme”) from 1st April 2006 ("Appointed Date"), have been filed electronically with the respective Registrars of Companies today. With this, the Scheme has become effective today, i.e September 5, 2007 and accordingly IPCL has been amalgamated with the Company.