{"id":451945,"date":"2021-11-26T08:44:46","date_gmt":"2021-11-26T03:14:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451945"},"modified":"2021-11-26T09:14:50","modified_gmt":"2021-11-26T03:44:50","slug":"ril-gains-3-on-plans-to-hive-off-gasification-assets-into-separate-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-gains-3-on-plans-to-hive-off-gasification-assets-into-separate-unit\/","title":{"rendered":"RIL gains 3% on plans to hive-off gasification assets into separate unit"},"content":{"rendered":"<p>Shares of Reliance Industries (RIL) were up 3.4 per cent at Rs 2,431.80 on the BSE in Thursday\u2019s intra-day trade after the company\u2019s board decided to implement a scheme of arrangement to transfer gasification undertaking into a wholly-owned subsidiary (WOS). RIL made the announcements on Wednesday after market hours.<\/p>\n<p>The board has approved a scheme as a going concern on slump sale basis for a lump sum consideration equal to the carrying value as on the appointed date i.e. March 31, 2022. <\/p>\n<p>RIL said the Scheme will also enable the company to evaluate unlocking the value of syngas, with a collaborative and asset-light approach involving induction of investor(s) in the gasifier subsidiary and capturing value of upgradation in RIL through partnerships in different chemical streams, the company said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Reliance Industries (RIL) were up 3.4 per cent at Rs 2,431.80 on the BSE in Thursday\u2019s intra-day trade after the company\u2019s board decided to implement a scheme of arrangement to transfer gasification undertaking into a wholly-owned subsidiary (WOS). RIL made the announcements on Wednesday after market hours. The board has approved a scheme as a going concern on slump sale basis for a lump sum consideration equal to the carrying value as on the appointed date i.e. March 31, 2022. RIL said the Scheme will also enable the company to evaluate unlocking the value of syngas, with a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-451945","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=451945"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451945\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}