scorecardresearchReliance Industries gains 1% on Shubhalakshmi Polyesters acquisition

Reliance Industries gains 1% on Shubhalakshmi Polyesters acquisition

Updated: 12 Sep 2022, 11:05 AM IST
TL;DR.
On September 10, Reliance Industries said the acquisition is part of the strategy to expand its downstream polyester business.
Mukesh Ambani, chairman and managing director of the Reliance Industries Ltd., speaks via live stream during the annual general meeting in Mumbai, India, on Monday, Aug. 29, 2022. Reliance will invest 2 trillion rupees ($25 billion) to roll out its 5G services in October across the largest Indian cities, its billionaire-chairman�Mukesh Ambani�said as he continues to expand and diversify the $221 billion empire. Photographer: Dhiraj Singh/Bloomberg

Mukesh Ambani, chairman and managing director of the Reliance Industries Ltd., speaks via live stream during the annual general meeting in Mumbai, India, on Monday, Aug. 29, 2022. Reliance will invest 2 trillion rupees ($25 billion) to roll out its 5G services in October across the largest Indian cities, its billionaire-chairman�Mukesh Ambani�said as he continues to expand and diversify the $221 billion empire. Photographer: Dhiraj Singh/Bloomberg