Search News

Mukesh Ambani promoted Reliance Industries (RIL) has agreed to buy textile and polyester manufacturing assets of the Malaysia-based Hualon Corporation. In a statement, the company said that the acquisition will increase the company’s polyester capacity by 25% and consolidate its position as the world’s largest polyester maker with a capacity of 2.5 million tonnes per annum. It will also boost RIL’s annual revenues by about $1billion. The company did not disclose the price of its acquistion. Besides additional capacity, the biggest polyester producer will also get access to Hualon’s clients and two locations for other textile products. In 2004, it brought Trevira a specialised polyester firm for about $ 80 million.

Find Lawyer / Law Firm

Extradition Law in India

Every time an offender stealthily leaves India to take refuge in another country, the Government of India starts all over again with its strategy of bringing him back to the nation to make him stan More

Legal Consultation - Consult over phone, chat or send questions

Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion  More