RIL may be with RPL

The Reliance Industries limited(RIL) board will meet on March 2 to consider merger with Reliance petroleum limited(RPL).
RIL, the India's largest private sector enterprise will issue about 34 crore additional equity shares of market value of approx. Rs.11.000 crore.
The merger would result in accretion of Rs. 1300 crore to RIL's net profit. Post -merger the equity share holding of the promoters of RIL would come down from the current 44% to 34%.
Industry consultants peg value of RPL's asset at Rs. 21000 crore
based on the closing prices of both the stocks last friday, the swap ratio could be around 17 shares of RPL for every share of RIL.
If the book value is considered the ratio could be around 22 shares of RPL for every share of RIL.
RIL holds 70.38 percent of RPL.