praveen kumar
Birla Corporation Limited acquired 3 cement plants from Reliance Cement Company private limited
Birla Corporation Limited, the flagship company of the M P Birla Group and a leading cement major completed the acquisition of the cement business of Reliance Infrastructure Ltd (RIL) on 22nd August, 2016. The Company had acquired l00% shares of Reliance Cement Company Private Limited (Reliance Cement), a subsidiary of RIL. After this acquisition, Reliance Cement became a wholly-owned material subsidiary of Birla Corporation Limited. The acquisition was funded through existing cash reserves and incremental debt.
