IPCL - Hon'ble High Court, Gujarat approve Scheme of Amalgamation

Indian Petrochemicals Corporation Ltd (IPCL) has informed that the Hon'ble High Court of Gujarat at Ahmedabad has approved the Scheme of Amalgamation of the Company with Reliance Industries Ltd ('the Scheme') vide Order dated August 16, 2007. The said Order was made available on the website of the Hon'ble Gujarat High Court on September 02, 2007. However, certified copy of this Order is yet to be received by the Company.

Earlier, the Hon'ble High Court of Judicature at Bombay has also approved the Scheme vide Order dated date June 12, 2007 as modified vide Order dated July 11, 2007, which was made available on August 14, 2007.