REL, RCL rule out buyouts
July 11, 2005 19:00 IST
Anil-Ambani controlled Reliance Energy and Reliance Capital on Monday ruled out any new acquisition plans.
In two separate communications to the Stock Exchange, Mumbai, Reliance Energy said it had no plans to acquire Jyoti Structures while Reliance Capital ruled out acquisition plans for Crest Animations Studio Ltd, Saregama Ltd, Srinagar Cinema Ltd and Indusind Bank Ltd.
The clarification comes in wake of recent media reports about the acquisitions.
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