Reliance Industries Limited (RIL) has withdrawn the scheme of amalgamation of its renewable energy arm, Reliance New Energy Limited (RNEL) with itself.
Based on a review of the new energy / renewable energy business and investment structure, the board has decided that the new energy / renewable energy business should be undertaken through RNEL and the scheme of amalgamation be withdrawn. The scheme was pending with the National Company Law Tribunal, Mumbai Bench for approval.