RIL to sell textiles business, appoints NM Rothschild to manage the sale
By Yatin Mota & Dev ChatterjeeIndia's largest private sector company, Reliance Industries, has decided to sell its oldest business, textiles, along with its iconic brand `Only Vimal' in an effort to exit loss-making businesses. The Mukesh Ambani company has hired NM Rothschild to manage the sale, a top official directly involved with the sale said.
The textile business sale, which includes its Naroda factory, is expected to be concluded by the end of the year. The busin ..
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