Japan’s Mitsui, Nippon Soda acquire 56% stake in Bharat Insecticides
NEW DELHI:Japanese companies Mitsui and Nippon Soda have acquired 56 per cent stake in agro-chemical firm Bharat Insecticides Ltd (BIL). As a result of this deal, BIL has become a group company of Mitsui & Co Ltd and Nippon Soda Co Ltd (Nisso), the Delhi-based company said on Wednesday, without disclosing the deal value. “Mitsui […]
Reliance Industries to sell stakes in 6 firms operating ethane ships to Mitsui
NEW DELHI: Reliance Industries will sell stakes in firms that own its fleet of very large ethane carrying ships to Japan’s Mitsui OSK Lines (MOL) for an undisclosed sum of money. In a statement, RIL said its Singapore-incorporated subsidiary Reliance Ethane Holding Pte Ltd (REHPL) has signed “binding definitive agreements for a strategic investment by […]