Reliance and IPCL to Merge

19:43 PM | March 21, 2007 | Deepti Ramesh with Natasha Alperowicz

Reliance Industries and Indian Petrochemicals Corp. (IPCL; Vadodara) say they have agreed to merge on April 1. The Reliance Group already holds a 47.3% controlling share in IPCL; the rest is traded on...