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Investments   ...more   Indian Rayon rechristened Aditya Birla Nuvo The Board of Directors of Indian Rayon, Indo Gulf and Birla Global, in their respective meetings has approved the restructuring proposal for the mergers of...more by Textile Excellence Friday, 09th September 2005View more news from [ Mumbai ] [ India ] The Board of Directors of Indian Rayon, Indo Gulf and Birla Global, in their respective meetings has approved the restructuring proposal for the mergers of Indo Gulf and Birla Global with Indian Rayon. The schemes of valuation reports and share entitlement ratios were also approved by the respective boards at the meetings. This landmark restructuring, valued at over Rs. 5,000 crore, is one of the major consolidations of its kind in India.

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