Acquisition

Reliance acquires Shubhalakshmi Polyesters

Reliance (under name change to Reliance Polyester Limited), a wholly-owned subsidiary of the company, recently executed definitive documents to acquire the polyester business of Shubhalakshmi Polyesters Limited (SPL) and Shubhlaxmi Polytex Limited (SPT) for cash consideration of Rs 1,522 crore and Rs 70 crore respectively, aggregating to Rs 1,592 crore by way of slump sale […]