Reliance Industries to acquire Kemrock Industries’ assets NDMC to begin auction for Taj Mansingh

Mukesh Ambani-led Reliance Industries (RIL) on Wednesday announced it has won a bid to acquire Gujarat-based Kemrock Industries’ assets in an online e-bidding for an undisclosed amount. The assets will pave the way for Reliance to foray into new materials (composites and carbon fibre) and further strengthen its petrochemicals business portfolio, RIL said. The New Delhi Municipal Council(NDMC) hasdecidedto invitebidsfore-auctionof threehotels, includingthe iconic TajM ans ingh,n early six months after the civic body hadgivenago-aheadfor auctioningit.