A subsidiary of Reliance Industries Ltd has carried out a definitive agreement to buy a polyester business from Shubhalashmi Polyesters Ltd (SPL) and Shubhlaxmi Polytex Ltd (SPTEX) for RS 1,522 Crore and RS 70 Crore each in the sale of Slumps with a concern base. Acquisitions with a total of 1,592 CRORE RS will be […]
Reliance and BP draft plan for fuel dealers to avoid closures
Reliance Industries Ltd (RIL) and BP PLC, which operates more than 1,400 fuel retail outlets with the Jio-BP brand name, compiling compensation plans for dealers to prevent closure, said three dealers who know the discussion. On March 16, Ril almost reduced half of the fuel supply to his dealer due to losses of RS 10-12 […]