The boards of two Anil Ambani-led power majors, Reliance Natural Resources and Reliance Power, on Sunday approved the merger of the two companies in a 4:1 share swap ratio.
RNRL shareholders will get one Reliance Power shares for every four held. However, the exchange ratio will be based on valuations by KPMG.
RNRL investors would be worried, as the ratio seems unfair, a 20% discount price from RNRL current Market price
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