Shares of Anil Dhirubhai Ambani Group company Reliance Natural Resources (RNRL) will stop trading from November 10, 2010 onwards due to scheme of arrangement with Reliance Power.
"The equity shareholders of the RNRL at their meeting held on September 4, 2010 as per the order of the hon'ble high court of judicature at Bombay, have approved the composite scheme of arrangement, inter alia, between Reliance Natural Resource Limited and Reliance Power Limited under Sections 391 to 394 of the Companies Act, 1956."

The company has fixed November 11, 2010 as the record date to determine the persons who will be entitled to the equity shares to be issued and allotted by Reliance Power (Reliance Power).
As per NSE notice, Reliance Power shall issue and allot its 1 (one) fully paid up equity share of face value of Rs. 10 each for every 4 (four) fully paid up equity shares of face value of Rs 5 each of RNRL.
The existing contracts with expiry dates November 25, 2010, December 30, 2010 and January 27, 2011 will expire on November 9, 2010. Accordingly, no futures and options contracts will be available in the underlying RNRL for trading from November 10, 2010 onwards.

Source : Moneycontrol