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Tuesday, 23 August 2016

Birla corp acquired entire equity shares of Reliance cement company pvt ltd

Birla Corp has acquired the entire equity shares of Reliance Cement Company Pvt Ltd, the former informed the exchanges on Monday. On February 4, Birla Corp had signed an agreement with Reliance Infrastructure for acquisition of the latter’s cement business - Reliance Cement Company, according to the exchange filing. Shares of Birla Corp closed up 1.2 per cent at ₹681.40 on the NSE, while those of Reliance Infrastructure closed down 0.5 per cent at ₹591.10.

Omkar Speciality has informed the exchanges that it has commissioned the expanded capacity at its Unit No.1 in Badlapur, Maharashtra. The capacity was expanded from 600 tonnes per annum to 900 tpa in volume terms. This facility has successfully started commercial production following completion of requisite and necessary trial runs. The company, one of the leading players in the manufacturing of speciality chemicals and veterinary APIs, will manufacture advanced intermediates that find varied applications in the pharmaceutical industry. Shares of Omkar gained about 2 per cent at ₹167.85 on the NSE.

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