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    CCI clears IndusInd International Holdings Ltd-Reliance Capital deal

    In July, Hinduja group-owned IndusInd International Holdings (IIHL), the promoter of IndusInd Bank, announced a USD 1.5-billion capital-raising plan to fund the proposed acquisition of Reliance Capital and increase its stake in the lender. The board of the Mauritius-registered IIHL also decided to increase its holding in Reliance Capital to 26 per cent from the present 15 per cent.

    CCI clears Reliance Polyester's acquisition of Shubhalakshmi Polyesters, Shubhlaxmi Polytex

    Last month, Reliance Polyester Ltd, a wholly-owned subsidiary of the Reliance Industries Ltd, executed definitive documents to acquire polyester business of Shubhalakshmi Polyesters Ltd and Shubhlaxmi Polytex Ltd for cash consideration of Rs 1,522 crore and Rs 70 crore respectively, aggregating to Rs 1,592 crore by way of slump sale on a going concern basis.

    CCI approves merger of Jio Cinema OTT with Viacom18 Media

    In April, Reliance Industries Ltd (RIL) and Viacom18 announced a strategic partnership with Bodhi Tree Systems, where Bodhi Tree will invest Rs 13,500 crore in Viacom18 while Reliance Projects & Property Management Services, a wholly-owned subsidiary of RIL, will invest Rs 1,645 crore in the broadcaster as part of the tripartite partnership, to form one of the largest TV and digital streaming firms in India.

    CCI clears Reliance Strategic Business Ventures' stake buy in Sanmina: SCI India

    SCIPL is an indirect subsidiary of US-based Sanmina Corporation and is a leading integrated manufacturing solutions company, while RSBVL is a subsidiary of Reliance Industries Ltd (RIL) which holds strategic investment interests in businesses and providing business support services.

    Reliance rolls out mega Covid-19 vaccination drive

    Officials said the vaccination offer is also open to employees of all significant investors in the company who are keen to be vaccinated. RIL has also extended the vaccination programme to family members of its employees.

    Reliance Defence in talks with Coast Guard for patrol vessels

    Contract with the Coast Guard is likely to be signed in October, defence sources said. They said the design will be done in-house and built by RDEL at its Pipavav.

    The Economic Times
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