The board of Reliance Industries has issued and allotted 6,01,40,560 fully paid up equity shares of Rs 10 each to the shareholders of the erstwhile Indian Petrochemicals Corporation in the ratio of 1 equity share of the company for for every 5 equity shares of IPCL, pursuant to the scheme of amalgamation of Indian Petrochemicals Corporation with Reliance Industries.These shares were allotted at the board meeting held on 13 October 2007.
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