# 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.

- Type: Acquisition
- Announced: 2019-04-10
- Where: Nagpur, Maharashtra, India
- Value: $43.0M
- Status: completed
- Capacity: 605,000 tonnes/year
- Products: polyester chips, fibres, filament yarns
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Indo Rama Synthetics](https://endata.com/companies/38631.md) (target)

## Sources

- [plasticsandrubberasia.cn](https://www.plasticsandrubberasia.cn/en/news/m-lg-chem-buys-duponts-oled-tech/), 2019-04-10: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.