Sep

1

Austral Coke acquires 50% stake in Mozambique Co

Posted on: September 1, 2009 at 1:40 pm

Austral Coke & Projects today said that the company through its wholly owned Singapore based subsidiary company Global Astra has acquired 50% stake in Osho Gremach Mining (OGML), Mozambique.
OGML is engaged (or proposes to engage) in the coal mining business in Mozambique.
The company is engaged in the manufacture and sale of coke and refractory products, [...]

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Feb

28

RPL 4th subsidiary to be gobbled up by parent

Posted on: February 28, 2009 at 3:26 pm

NEW DELHI: If the proposal by Reliance Industries (RIL) to merge Reliance Petroleum (RPL) with itself goes through, it will be the fourth such occasion when the company has swallowed its subsidiary company.
In January 1995, two of its subsidiaries, Reliance Polypropylene Ltd (RPPL) and Reliance Polyethylene Ltd (RPEL) were merged with RIL. In the merger [...]

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