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RIL puts iconic Vimal on the block

BY  TEAM VCC
Investment bank NM Rothschild given mandate to seek strategic partners or even a sale of the troubled textiles division.

Mukesh Ambani controlled Reliance Industries (RIL) has put up the iconic Vimal textile business and brand on the block, media reports said. The textile division includes the main Vimal brand and sub brands Vimal White, Vimal Black and...

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