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RIL-Shandong Ruyi Deal Approved By CCI

Indian fair trade watchdog, Competition Commission of India (CCI) has approved the proposal of Reliance Industries to sell 49 per cent stake in a newly-formed textile firm to Chinese company, Shandong Ruyi. “The Commission is of the opinion that the proposed combination is not likely to have an adverse effect on competition in India and […]

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March 11, 2015
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Apparel and Textile News Apparel Brands and Companies

RIL’s JV with China’s Shandong Ruyi in Textile Business

Reliance Industries today announced a joint venture with China’s USD-three billion Shandong Ruyi Science and Technology Group to reposition its textile business. As per the agreements, RIL will transfer its existing textile business into the newly incorporated JV for which it will receive cash consideration. However, the companies did not disclose the financial details of […]

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December 10, 2014
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RIL-Shandong Ruyi Deal Approved By CCI

RIL’s JV with China’s Shandong Ruyi in Textile Business