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Reliance acquires Shubhalakshmi Polyesters for Rs 1,592 crore

Reliance Industries Limited has acquired the polyester chips and yarn manufacturer Shubhalakshmi Polyesters Ltd for Rs 1,592 crore. “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 Polyesters Ltd and Shubhlaxmi Polytex Ltd for cash consideration […]

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