India: Birla eyes September completion of Reliance acquisition

India: Birla eyes September completion of Reliance acquisition
Published: 11 July 2016


Birla Corporation has said that it expects to complete its acquisition of Reliance Cement by September, Gulf Today reports. The US$711m deal was initially struck in February 2016 and will raise Birla’s cement capacity from 10Mta to 15.5Mta, as well as securing access to mineral concessions.

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