Adani Enterp. 2539.85↓-4.50(-0.18%)
Adani Ports 733.35↑6.50(0.89%)
Apollo Hospitals 4598.80↓-11.10(-0.24%)
Asian Paints 3128.95↑0.55(0.02%)
Axis Bank 936.15↑9.20(0.99%)
B P C L 362.80↓-1.50(-0.41%)
Bajaj Auto 4636.60↑20.65(0.45%)
Bajaj Finance 6955.00↑50.50(0.73%)
Bajaj Finserv 1456.50↑17.35(1.21%)
Bharti Airtel 821.10↑3.15(0.39%)
Britannia Inds. 4603.85↑7.65(0.17%)
Cipla 949.65↓-1.70(-0.18%)
Coal India 242.95↑1.45(0.60%)
Divi's Lab. 3481.70↓-32.30(-0.92%)
Dr Reddy's Labs 4560.00↑29.05(0.64%)
Eicher Motors 3684.65↓-5.70(-0.15%)
Grasim Inds 1691.65↑3.35(0.20%)
H D F C 2696.00↑45.40(1.71%)
HCL Technologies 1132.40↓-6.80(-0.60%)
HDFC Bank 1638.85↑23.05(1.43%)
HDFC Life Insur. 579.25↑2.05(0.36%)
Hero Motocorp 2756.30↑11.15(0.41%)
Hind. Unilever 2665.60↑13.25(0.50%)
Hindalco Inds. 423.00↑9.45(2.29%)
ICICI Bank 953.95↑3.25(0.34%)
IndusInd Bank 1292.20↑24.15(1.90%)
Infosys 1313.75↓-3.70(-0.28%)
ITC 451.05↑7.45(1.68%)
JSW Steel 707.05↑5.35(0.76%)
Kotak Mah. Bank 1958.70↑13.65(0.70%)
Larsen & Toubro 2235.90↑17.45(0.79%)
M & M 1324.35↑42.50(3.32%)
Maruti Suzuki 9333.50↓-66.45(-0.71%)
Nestle India 21623.90↑42.15(0.20%)
NTPC 176.35↑1.85(1.06%)
O N G C 158.75↓-5.00(-3.05%)
Power Grid Corpn 237.10↓-0.20(-0.08%)
Reliance Industr 2520.85↑14.35(0.57%)
SBI Life Insuran 1214.00↑18.25(1.53%)
St Bk of India 590.50↑4.50(0.77%)
Sun Pharma.Inds. 954.55↓-15.35(-1.58%)
Tata Consumer 794.75↑5.05(0.64%)
Tata Motors 522.35↑3.90(0.75%)
Tata Steel 107.60↑1.20(1.13%)
TCS 3337.10↑8.20(0.25%)
Tech Mahindra 1116.00↑1.25(0.11%)
Titan Company 2766.80↑24.65(0.90%)
UltraTech Cem. 7799.40↑77.55(1.00%)
UPL 688.00↓-0.10(-0.01%)
Wipro 402.50↑0.80(0.20%)

Reliance Industries withdraws proposal to merge subsidiary RNEL with itself

RNEL will undertake the conglomerate's new energy/renewable energy business

BS Web Team New Delhi

Photo: Shutterstock

1 min read Last Updated : Apr 22 2023 | 9:58 PM IST

Listen to This Article

Reliance Industries (RIL) on Saturday said the company's board has withdrawn the proposal to merge subsidiary Reliance New Energy Limited (RNEL) with itself. RNEL will undertake the conglomerate's new energy/renewable energy business.

RNEL is a wholly-owned subsidiary of RIL.

"Based on a review of the new energy/renewable energy business and investment structure, the Board, at its meeting held on April 21, 2023, has decided that the new energy/renewable energy business should be undertaken through RNEL and the Scheme be withdrawn", the company said in a release.