RIL share price rises on transfer of gasification undertaking to its subsidiary

ril share price rises on transfer of gasification undertaking to its subsidiary

Sumary of RIL share price rises on transfer of gasification undertaking to its subsidiary:

  • The Scheme will also enable RIL to evaluate unlocking the value of syngas, with a collaborative and asset-light approach involving the induction of investors in the gasifier subsidiary and capturing value of upgradation in RIL through partnerships in different chemical streams.
  • The board has accordingly approved a scheme to transfer the Gasification Undertaking as a going concern on slump sale basis for a lump sum consideration equal to the carrying value as on the appointed date.

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