Nitin Parikh of Nitin Parikh & Company said that there is every possibility that RIL, a profit making entity, is merging with RPL (which is a loss-making company) to get SEZ status for RIL’s old refinery. “If the merger happens, one should not be surprised if RPL’s name changes to Reliance Industries a couple of months later,” Parikh said.

Parikh believes that the merger will also enable RPL to sell its products in the domestic market, thereby avoiding the risks involved in selling them overseas where market conditions are turbulent. 

DNA Correspondent/ DNA-Daily News & Analysis Source: 3D Syndication