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 Corporate - Announcements
Rain completes CII Carbon buy

Hyderabad, July 20.

Rain Calcining Ltd (RCL) on Thursday has informed BSE that Rain/CII Holdings, Inc, a subsidiary of the company, has completed its acquisition of CII Carbon (CII) in a cash deal of $595 million on July 19. The Hyderabad-based company said the price is subject to certain adjustments. With its acquisition of Carbon CII, the company has become the largest manufacturer of calcined petroleum coke in the world. - Our Bureau

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