Tag: Shubhalakshmi Polyesters

Reliance Industries acquires Shubhalakshmi Polyesters for Rs 1,592 crore

NEW DELHI: Reliance Petroleum Retail (under name change to ‘Reliance Polyester’), a wholly-owned subsidiary of Reliance Industries, on Saturday acquired the polyester business of Shubhalakshmi Polyesters (SPL) and Shubhlaxmi Polytex (SPTex) for Rs 1,522 crore and Rs 70 crore, respectively, in cash. The acquisitions are subject to approval by the Competition Commission of India (CCI) […]

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