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People & Business :: Companies

March 21, 2007

Reliance and IPCL to Merge

Deepti Ramesh with Natasha Alperowicz

Reliance Industries and Indian Petrochemicals Corp. (IPCL; Vadodara) say they have agreed to merge on April 1. The Reliance Group already holds a 47.3% controlling share in IPCL; the rest is traded on the Bombay Stock Exchange and on the National Stock...

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