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ADAG restructuring

MUMBAI: The Reliance-Anil Dhirubhai Ambani Group on Friday announced a tentative plan for merging two firms transferred from Mukesh's RIL with its flagship power entity Reliance Energy and financial services company Reliance Capital Ltd. The announcement came shortly after the Bombay High Court directed three companies — Reliance Energy Ventures, Reliance Capital Ventures Ltd and REL — to hold shareholders' meeting on April 26 for approving the schemes of amalgamation.

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