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Trevira

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Indian companies facing the heat in foreign acquisitions

Tata Steel Ltd is not the only company to have made a massive non-cash write-down on its foreign business.Many top Indian companies that have gone on a frenzied foreign acquisition drive in the......

German court sells Reliance's bankrupt unit

A German bankruptcy court has sold off Reliance Industries' polyester making subsidiary Trevira GmbH to two local entrepreneurs for an undisclosed amount. The sale of euro 210-million (nearly Rs......

RIL's German arm files for bankruptcy

Reliance Industries Ltd said on Wednesday its Germany arm Trevira has filed for bankruptcy after it was hit by slowdown in Europe. "Trevira filed an application with the Augsburg Court in State of......

$43 billion and growing! Indian firms big on M&As

The doomsayers have been making their grim pronouncements for several years now: only a third of all mergers create value for the acquiring company and less than 40 per cent of all acquisitions can......

RIL buys Malaysian polyester co

Reliance Industries said on Monday it has acquired Malaysian polyester producer Hualon Corp Sdn Bhd for an undisclosed sum.Established in 1989, Hualon is an integrated polyester-to-textile maker......

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