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 Corporate - Overseas Investments
SRF completes Thai acquisition

New Delhi, Sept. 8

SRF Ltd on Monday announced the completion of acquisition of Thai Baroda Industries Ltd located at Rayong in Thailand. All financial dues according to the restructuring plan approved by the legal authorities have been paid off, following which the Thailand based tyre cord company has become a 100 per cent subsidiary of the SRF Group, a company release said. With this acquisition, which has come through one of SRF's international subsidiaries, the total tyre cord capacity of group goes up to 65,000 tonnes a year, the release added. - Our Bureau

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