Reliance Infrastructure Limited has announced the approval of a Scheme of Arrangement for the amalgamation of its wholly owned subsidiary, Reliance Velocity Limited (RVL), with the parent company. The merger was approved at the company’s Board of Directors meeting on March 8, 2025.
The proposed merger aims to rationalize and consolidate the group structure, improving operational efficiencies and cost savings. The merger does not involve any cash consideration or issuance of shares, as RVL is fully owned by Reliance Infrastructure.
RVL, which provides support services for transport systems and infrastructure projects, had a turnover of ₹1 crore as of March 31, 2024, while Reliance Infrastructure reported a turnover of ₹424.68 crore for the same period.
The transaction, which falls within related-party regulations, is subject to statutory and regulatory approvals, including clearance from the National Company Law Tribunal (NCLT), Mumbai Bench. Reliance Infrastructure has confirmed that there will be no change in its shareholding pattern as a result of the merger.
