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BSES acquires RSPCL

MUMBAI SEPT. 27. The Reliance group company BSES has acquired the entire equity share capital of Reliance Salgaocar Power Company (RSPCL) for Rs. 25.38 crores. The total equity shares of 2.53 crore of Rs. 10 each were acquired by the company, BSES informed the Bombay stock exchange. BSES plans to merge RSPCL, a 50:50 joint venture between Reliance and the Goa-based Salgaocar group, with itself through a scheme of arrangement. — PTI

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• BSES acquires RSPCL
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