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Merger likely to be done through share swap deal.

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"The stake deal will further strengthen our strategic partnership with IOCL which is the India’s largest refiner and customer of oil storage tanks,†Adani said.

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 Reliance is in "advanced stage" of talks for these acquisitions

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Reliance Brands is Reliance Retail Ventures’ arm which is a subsidiary of RIL. It serves the segments of luxury, bridge-to-luxury, high-premium, and high-street lifestyles.

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The CGD footprints of BPCL, along with its JYs, will now cover 94 Districts in 18 States extending to 48GAs, across India.

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Thomas appeared before the court on April 2, 2003 and obtained bail. But records show the first information reports against the eight accused were not quashed.

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