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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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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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