Reliance Industries said that its fully-owned subsidiary Reliance Polyester has wrapped up the previously announced INR 1,592 crores acquisition of the polyester businesses of Shubhalakshmi Polyesters Limited (SPL) and Shubhlaxmi Polytex Limited (SPTex). The deal was closed after the receipt of the required approvals. It was announced in September 2022. Through the acquisition, Reliance Polyester […]
Reliance Industries said that its fully-owned subsidiary — Reliance Petroleum Retail Limited (under name change to ‘Reliance Polyester Limited’) has agreed to acquire the polyester businesses of Shubhalakshmi Polyesters Limited (SPL) and Shubhlaxmi Polytex Limited (SPTex) for a total of INR 1,592 crores. Reliance Polyester will pay INR 1,522 crores to Shubhalakshmi Polyesters. The latter […]
