Indorama Ventures acquires 31.79% stake in Indo Rama Synthetics for $43M

Indorama Ventures Public Company Limited (IVL) has completed the purchase of 83 million newly issued shares in Indo Rama Synthetics (India) Ltd (IRSL), representing approximately 31.79% equity, for US$43 million. IRSL operates a fibre manufacturing facility in Nagpur, India.

“IVL says it has completed the purchase of 83 million newly issued shares in Indo Rama Synthetics (India) Ltd (IRSL), equaling to approximately 31.79% of IRSL’s equity at US$43 million.”plasticsandrubberasia.cn

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• plasticsandrubberasia.cnM&As: IVL invests in IRSL in India; LG Chem buys DuPont's OLED tech | PRA-Plastics and Rubber Asia China Industry Newshuan yanApr 10, 2019

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