Friday, February 11, 2011

INDIA: Rain Commodities acquires Birla Cement from Yash Birla Group

Rain Commodities Ltd has informed BSE that the Company has acquired Birla Cement and Industries Ltd. from Yash Birla Group. Birla Cement and Industries Ltd. holds certain Limestone Mining Leases in the State of Andhra Pradesh.

Consequent to the said acquisition, Birla Cement and Industries Ltd. has become a Wholly owned subsidiary of the Company.

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