Reliance chairman Mukesh Ambani says The merger is earnings accretive for Reliance shareholders, while providing IPCL shareholders with an opportunity to participate in Reliance's diversified business portfolio.
For the last complete fiscal year ended March 31, 2006, Reliance turnover was Rs891 billion on which it earned a net profit of Rs132 billion. IPCL turnover was Rs123 billion on which it earned a net profit of Rs12 billion. The combined...
¬ Haymarket Media Limited. All rights reserved.
