GUJARAT GLASS TO TAKE 51% STAKE IN VORA PACKAGING
Article Abstract:
Gujarat Glass is a Nicholas Piramal group company. It is to buy 51 percent stake in Vora Packaging Ltd of Silvassa. Vora Packaging Ltd makes plastic seamless tube packaging goods. Gujarat Glass makes glass vials and bottles. Gujarat Glass will get access to the clients of Vora Packaging Ltd, like cosmetic companies, and Vora Packaging Ltd to those of Gujarat Glass, like pharmaceutical firms. This stake deal is subject to approval of financial institutions. (um) (kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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RIL DENIES PICKING UP STAKE IN IPCL
Article Abstract:
Reliance Industries Ltd (RIL), a leading petrochemical company, has clarified that either the company or any of its subsidiary firms have acquired any stock of the Indian Petrochemicals Ltd (IPCL). This followed widespread rumours in Mumbai that RIL has bought IPCL stock. Following the denial of RIL, the scrip of IPCL declined on the Bombay stock Exchange. (gs) (psr)
Comment:
Reliance Industries Ltd (RIL), a leading petrochemical company, has clarified that either the company or any of its subsidiary firms have acquired any stock of the Indian Petrochemicals Ltd (IPCL).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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