Indo Gulf and Birla Global to merge with Indian Rayon
12th Sep 2005, 03:38 GMT
The Rs 33,000 crore Aditya Birla Group has decided to merge its group companies Indo Gulf Fertilisers and Birla Global Finance with Indian Rayon. After the merger, Indian Rayon will be rechristened Aditya Birla Nuvo, and will have consolidated revenues, including that of subsidiaries, of Rs 6,000 crore in financial year 2005-06.
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