# 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.

- Type: Acquisition
- Announced: 2022-09-28
- Where: Dahej, Gujarat; Silvassa, Dadra and Nagar Haveli, India
- Value: $200.0M (15.9B INR)
- Status: announced
- Capacity: 252,000 MT per annum
- Products: polyester fibre, yarns, textile grade chips, texturised yarn
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Reliance Industries](https://endata.com/companies/1562.md) (acquirer)
- [Shubhalakshmi Polyesters Limited](https://endata.com/companies/65594.md) (target)
- [Shubhlaxmi Polytex Limited](https://endata.com/companies/65595.md) (target)

## Sources

- [indiantextilemagazine.in](https://www.indiantextilemagazine.in/reliance-acquires-shubhalakshmi-polyesters/), 2022-09-28: "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"

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