Jan 22, 2010, New Delhi: Reliance Capital Asset Management Company is negotiating with Malaysia to manage up to $5 billion (Rs 23,000 crore) of public and government funds, including money that is part of the national pension fund, persons aware of the development said. Malaysia is also in talks with other global fund managers for the deal and Reliance Capital expects to win a mandate to manage around half the $5 billion that the southeast Asian nation`s government wants private asset mangers to handle. Continue reading Reliance Capital Likely to Manage $2.5 bn Malaysian Govt funds
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Scheme of Arrangement between Reliance Infrastructure and its Subsidiaries
Reliance Infrastructure Limited has informed the Exchange that the equity shareholders of Reliance Infrastructure Limited, at their meeting convened pursuant to the Order of the Honble High Court of Judicature at Bombay, held on June 09, 2009 have approved the Scheme of Arrangement between the Company and its wholly owned subsidiaries Reliance Energy Generation Limited , Reliance Goa and Samalkot Power Limited, Reliance Power Transmission Limited, Reliance Energy Limited, Reliance Infraventures Limited and Reliance Property Developers Limited and their respective shareholders and creditors under Sections 391 to 394 of the Companies Act, 1956.
The votes cast in favour of the resolution approving the Scheme were 99.9993% of the total votes cast at the meeting. Further, the Company has submitted to the Exchange the Media Release dated June 09, 2009 titled “Shareholders of Reliance Infrastructure Limited approve the Scheme of Arrangement for Demerger of the following divisions of the Company:
i. Dahanu Thermal Power Station
ii. Goa and Samalkot Power Stations
iii. Power Transmission
iv. Power Distribution
v. Toll Roads
vi. Real Estate to the respective wholly owned resulting companies”.