(21-Oct-2022 Hours IST)
Scheme of Arrangement inter alia between i) Reliance Industries Limited and its shareholders and creditors, and ii) Reliance Strategic Investments Limited and its shareholders and creditors ('Scheme') Please find attached copy of the advertisement w.r.t. notice of hearing of Company Scheme Petition published in the following newspapers today i.e., Friday, June 2, 2023: i. Business Standard, all India Editions, in English language; and ii. Loksatta, all Maharashtra Editions, in Marathi language. (As Per BSE Announcement Dated on 02/06/2023) This is further to the various disclosures made by the Company on the captioned subject. We wish to inform you that the Hon''ble National Company Law Tribunal, Mumbai Bench ('NCLT') vide its order dated June 28, 2023 (uploaded on the website of Hon''ble NCLT on July 5, 2023), has sanctioned the Scheme. The Company and Reliance Strategic Investments Limited will take necessary steps including fixing the record date for allotment and listing of equity shares of Reliance Strategic Investments Limited. (As Per BSE Announcement dated on 06.07.2023) Please find attached disclosure under Regulations 30 & 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is to inform that Thursday, July 20, 2023 has been fixed as Record date for the purpose of determining the equity shareholders of the Company entitled to receive the equity shares of Reliance Strategic Investments Limited pursuant to the Scheme of Arrangement between Reliance Industries Limited and its shareholders and creditors & Reliance Strategic Investments Limited and its shareholders and creditors. (As Per BSE Announcement Dated on 08/07/2023) Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, Reliance Industries Ltd has fixed Record Date for the purpose of determining the entitlement of the Shareholders of the Company, as per details given below: - COMPANY NAME CODE Reliance Industries Ltd (500325) RECORD DATE 20.07.2023 PURPOSE As per Scheme of Arrangement (for Demerger) as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, between: Reliance Industries Ltd, (Demerged Company) and Reliance Strategic Investments Limited (Resulting Company), and Others and their Respective Shareholders and Creditors: - Upon the coming into effect of the aforesaid Scheme and in consideration of the transfer of the Financial Services Business (Demerged Undertaking) of Reliance Industries Ltd Into Reliance Strategic investments Limited; Reliance Strategic investments Limited shall issue and allot Equity Shares to the Shareholders of Reliance Industries Ltd in the following proportion:- '1 (One) Fully Paid-Up Equity Share of Rs.10/- each of Reliance strategic investments limited to be issued for every 1 (One) Fully Paid-Up Equity Share of Rs.10/- each held in Reliance Industries Ltd' EX-ENTITLEMENT FROM DATE & SETT. NO. 20/07/2023 DR-575/2023-2024 Note: Pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on 20th July, 2023. Subject to compliance with requisite formalities, the shares of Resulting companies i.e., Reliance strategic investments limited will be listed on BSE Limited. Synopsis of the Corporate Action as submitted by Company is attached herewith. (As Per BSE Notice Dated on 12.07.2023) Please find enclosed communication for the attention of the shareholders of the Company for apportionment of cost of acquisition of equity shares of the Company and RSIL pursuant to the Scheme. (As Per BSE Announcement Dated on 20/07/2023) Intimation of allotment of equity shares by Jio Financial Services Limited to the shareholders of Reliance Industries Limited (As Per BSE Announcement dated on 11.08.2023) This is further to the various disclosures made by the Company in connection with the captioned subject Scheme. JFSL, vide its letter dated August 18, 2023, has informed that equity shares of JFSL shall be admitted for trading on BSE Limited and National Stock Exchange of India Limited effective August 21, 2023. Letter received from JFSL on August 18, 2023 at 7:55 p.m. (IST) is attached. (As Per BSE Announcement Dated on 18.08.2023)
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