Birla Corporation completes acquisition of cement business of Reliance Infrastructure

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.

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