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Reliance Retail to form JV with US company

Monday, 16 Jun 2008
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Reliance Retail plans to form a 51:49 joint venture with the US based Avery Dennison Corporation. The deal is likely to be signed by July 2008.

The joint venture will offer Avery Dennison's products and services directly to business customers in India and will also sell them via Reliance Retail stores.

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