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Stock market - Sensex, Nifty advance on gains in IT, financial shares, global cues

The 30-share BSE barometer rose over 319 to close at 60,941

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Reliance Acquires Shubhalakshmi Polyesters For Rs 1,592 Crore

Billionaire Mukesh Ambani's Reliance Industries Ltd has acquired polyester chips and yarn manufacturer Shubhalakshmi Polyesters Ltd for Rs 1,592 crore, the company said in a stock exchange filing.

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Reliance can explore reorganising company to list subsidiaries: Report

Reliance can explore reorganising company to list subsidiaries: Report

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RIL acquires Shubhalakshmi Polyesters for Rs 1,592 crore

The deal is subject to approval of the Competitiorn Commission of India (CCI) and the respective lenders of SPL and SPTex. The acquisition will strengthen the textile manufacturing business of Reliance.

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Reliance, ONGC s Credit Quality Can Bear India s Windfall Tax

Billionaire Mukesh Ambani’s Reliance Industries Ltd. and state-run Oil & Natural Gas Corp. are unlikely to suffer a “material” dent to their credit quality…

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