RIL acquires Shubhalakshmi Polyesters for ₹1,592 crore
Billionaire Mukesh Ambani’s Reliance Industries Ltd. has acquired polyester chips and yarn manufacturer Shubhalakshmi Polyesters Ltd. for ₹1,592 crore, the company said in a stock exchange filing. “Reliance Petroleum Retail Ltd. (under name change to ‘Reliance Polyester Ltd.’), a wholly owned subsidiary of the company, today executed definitive documents to acquire polyester business of Shubhalakshmi […]
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