{"id":571358,"date":"2023-04-24T09:26:50","date_gmt":"2023-04-24T03:56:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=571358"},"modified":"2023-04-24T09:49:25","modified_gmt":"2023-04-24T04:19:25","slug":"reliance-industries-withdraws-proposal-to-merge-subsidiary-rnel-with-itself","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-withdraws-proposal-to-merge-subsidiary-rnel-with-itself\/","title":{"rendered":"Reliance Industries withdraws proposal to merge subsidiary RNEL with itself"},"content":{"rendered":"<p>Reliance Industries (RIL) on Saturday said the company&#8217;s board has withdrawn the proposal to merge subsidiary Reliance New Energy Limited (RNEL) with itself. RNEL will undertake the conglomerate&#8217;s new energy\/renewable energy business. <\/p>\n<p>RNEL is a wholly-owned subsidiary of RIL. <\/p>\n<p>&#8220;Based on a review of the new energy\/renewable energy business and investment structure, the Board, at its meeting held on April 21, 2023, has decided that the new energy\/renewable energy business should be undertaken through RNEL and the Scheme be withdrawn&#8221;, the company said in a release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL) on Saturday said the company&#8217;s board has withdrawn the proposal to merge subsidiary Reliance New Energy Limited (RNEL) with itself. RNEL will undertake the conglomerate&#8217;s new energy\/renewable energy business. RNEL is a wholly-owned subsidiary of RIL. &#8220;Based on a review of the new energy\/renewable energy business and investment structure, the Board, at its meeting held on April 21, 2023, has decided that the new energy\/renewable energy business should be undertaken through RNEL and the Scheme be withdrawn&#8221;, the company said in a release.<\/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":[135,130,232],"tags":[],"class_list":["post-571358","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/571358","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=571358"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/571358\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=571358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=571358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=571358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}