Reliance acquires polyester business of Shubhalakshmi Polyesters for Rs 1,592 crore

Reliance Petroleum Retail Limited, a wholly-owned subsidiary of Reliance Industries, executed definitive documents to acquire the polyester business of Shubhalakshmi Polyesters Limited (SPL) and Shubhlaxmi Polytex Limited (SPT) for a total cash consideration of Rs 1,592 crore via slump sale.

“Reliance Petroleum Retail Limited (under name change to Reliance Polyester Limited), a wholly-owned subsidiary of the company, recently executed definitive documents to acquire the polyester business of Shubhalakshmi Polyesters Limited (SPL) and Shubhlaxmi Polytex Limited (SPT) for cash consideratio”indiantextilemagazine.in

• 1 source
• indiantextilemagazine.inReliance acquires Shubhalakshmi Polyesters - The Textile MagazineK. GopalakrishnanSep 28, 2022

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