MUMBAI: Billionaire Anil Ambani’s Reliance Power (R-Power) will merge sister firm Reliance Natural Resources (RNRL) with itself by offering one share for every four RNRL shares in a deal that is seen as the younger Ambani’s attempt to ensure gas supplies from elder brother Mukesh Ambani’s Reliance Industries (RIL). The boards of R-Power and RNRL on Sunday approved the merger proposal as well as the share swap ratio based on the valuation by consultancy firm KPMG, the Anil Dhirubhai Ambani Group...
Full Story: The Times of India
