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- Title
RIL to buy Hualon's assets for Rs. 2,000 cr.
- Abstract
The article reports on the plan of Reliance Industries (RIL) to acquire the assets of Malaysian polyester manufacturer Hualon Corp. for about 2,000 crore rupees. Reliance is poised to capitalize on Hualon's capabilities as a leading polyester producer in Malaysia. It was noted that the money will be used for restructuring operations and for meeting working capital requirements. RIL is planning for more acquisitions in the polyester industry and has already few companies on its lineup. Talks have started that RIL is to move for world-scale acquisitions of up to $15 billion in 2008.
- Subjects
MERGERS &; acquisitions; RELIANCE Industries Ltd.; HUALON Corp. Sdn Bhd; INDIAN rupee; WORKING capital; POLYESTER industry
- Publication
Man-Made Textiles in India, 2008, Vol 51, Issue 1, p36
- ISSN
0377-7537
- Publication type
Article