NSE Circulars regarding suspension of RNRL in Cash and FAO Segment w.e.f: 10.11.2010 are appended herewith for your ready reference and perusal please.
We request you to kindly inform all our esteemed cleintele accordingly.
Extract of the NSE Circular:
Kindly note: Equity shares of RNRL will be suspended w.e.f. November 10, 2010 (i.e. closing hours of trading on November 9, 2010).
FAO:Security: Reliance Natural Resources Limited (RNRL)
Details: Reliance Natural Resources Limited has informed the Exchange that the Equity Shareholders of the Company at their meeting held on September 4, 2010 as per the Order of the Hon’ble High Court of Judicature at Bombay, have approved the Composit Scheme of Arrangement, inter alia, between Reliance Natural Resource Limited and Reliance Power Limited under Sections 391 to 394 of the Companies Act, 1956.
RECORD DATE: November 11, 2010
Consequent to the above and in terms of the Scheme, RPower shall issue and allot its 1 (one) fully paid up equity share of face value of Rs. 10 each for every 4 (four) fully paid up equity shares of face value of Rs. 5 each of RNRL.
Futures and Options contracts on RNRL:
The existing contracts with expiry dates November 25, 2010, December 30, 2010 and January 27, 2011 will expire on November 9, 2010.
Accordingly, no FAO contracts will be available in the underlying RNRL for trading from November 10, 2010 onwards.