WebSify
Follow us on
Mail
Print

Reliance-RPL merger to be tax neutral

Source : REUTERS
Last Updated: Fri, Mar 06, 2009 08:50 hrs

Also see
EmTech India 2009
File your Tax Returns Online
Auto Special
Gadgets & Gizmos
Latest on Satyam fiasco

Mumbai: Reliance Industries said on Monday its absorption of its Reliance Petroleum unit will be tax neutral for both the entities.

"This merger is not about tax benefits. As far is taxation is concerned the SEZ refinery is a separate undertaking. Both refineries will retain their tax benefits," Alok Agarwal told a news conference.

More India business stories | Get the latest Sensex update

Earlier Reliance Industries, India's largest listed firm, said it would issue one share for every 16 held in its unit.

blog comments powered by Disqus
most popular on facebook
talking point on sify finance