Reliance Cement becomes subsidiary of Birla Corporation
Birla Corporation announced the completion of the process of acquisition of cement business of Reliance Infrastructure. The Company has acquired 100% share of Reliance Cement Company, a subsidiary of RIL. After this acquisition, Reliance Cement has become a wholly owned material subsidiary of Birla Corporation. The acquisition has been funded through existing cash reserves and incremental debt.Powered by Capital Market - Live News
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