RIL to hive off gasifier business to 100% arm

ril to hive off gasifier business to 100 arm

Sumary of RIL to hive off gasifier business to 100% arm:

  • MUMBAI: Reliance Industries (RIL) has agreed to transfer its gasification project in Jamnagar, Gujarat, to a 100% arm, the company said late Wednesday evening.
  • It will transfer the gasification undertaking on a slump sale basis.
  • Slump sale means transfer of a business of a company for a lump sum without assigning any values to individual assets and liabilities of the entity.

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