India's largest petrochemical manufacturer Reliance Industries has completed acquisition of Indian Petrochemicals Corp. (IPCL) after a share swap and court approval. Reliance has agreed to swap one Reliance share for every five shares in IPCL. The amalgamation of IPCL with Reliance will be effective from Sept. 5, giving Reliance almost 70% market share for petrochemicals in India.
06-Sep-07 
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