De-merger of Reliance can take from 3 months to a year

De-merger of Reliance can take from 3 months to a year

Now, that the two brothers from the Reliance group of Industries have solved their differences, the next step is the de-merger of the company to complete the post-settlement of ownership issues. The company has said in a statement that the interest of the investor is a priority for them and the process would take from 3 months to a year.

Y P Trivedi, a RIL Director heading a Board committee has been authorized to recommend a ’suitable scheme of reorganization. He said in a statement to the media: “It is feasible. We have done a lot of thinking on this. We are now planning it as per legal requirements.”

As per the latest agreement, Mukesh Ambani would retain RIL and IPCL along with some other group companies. Anil Ambani on the other hand would get control of Reliance Infocomm, Reliance Energy, and Reliance Capital. Both the brothers would continue to use the Reliance Logos and Trademarks.

Y P Trivedi added: “We will try to complete the process early. Shareholders’ interest and share value will not be eroded when the process is done. There are so many things to be done for it. There are legal problems, then there will have to be meetings as per Court requirements, etc.”

The prime concern for the company is the interest of the 3 million shareholders of Reliance Industries.