RIL ups offer for LyondellBasell

Reliance Industries Ltd has recently sweetened its offer to buy a controlling stake in bankrupt chemicals firm LyondellBasell Industries, a source familiar with the situation told Reuters.

Jan 08, 2010, 23:46 PM IST

Reliance shares choppy on sweetened Lyondell offer report

Shares in energy major Reliance Industries were choppy in early trade on Friday morning, after a newspaper report said the company has recently sweetened its offer to buy a controlling stake in bankrupt LyondellBasell.

Jan 08, 2010, 10:38 AM IST

Reliance sweetens offer for LyondellBasell: Report

Reliance Industries Ltd has recently sweetened its offer to buy a controlling stake in bankrupt LyondellBasell Industries, according to a report in the Wall Street Journal on Thursday.

Jan 08, 2010, 09:22 AM IST

LyondellBasell gets creditors` support for restructuring plan

LyondellBasell today said it has received creditors` support for the restructuring plan, which will help the company to come out of bankruptcy.

Dec 24, 2009, 21:20 PM IST

No final bid yet from RIL: LyondellBasell

Amid reports that Indian corporate
giant Reliance Industries was mobilising funds for its
acquisition, global petrochemical major LyondellBasell has
said it has not yet received a final bid.

Dec 09, 2009, 15:59 PM IST

India Inc`s global shopping bag shrinks to 4-yr low: Dealogic

India Inc`s overseas shopping spree has dipped to a four-year low of USD 27.3 billion so far this year, according to deal tracking firm Dealogic.

Nov 24, 2009, 18:36 PM IST

LyondellBasell buyout may affect RIL`s rating: Moody`s

Moody`s on Monday said the proposed acquisition of Dutch firm LyondellBasell may put downward pressure on the credit rating of Reliance Industries.

Nov 23, 2009, 21:37 PM IST

Reliance-LyondellBasell deal to be value accretive for RIL

The proposed acquisition of LyondellBasell by Reliance, if it goes through, will be a winning bet for RIL as the company has enough cash reserves to fund the deal, which in turn will further boost its core businesses, say experts.

Nov 23, 2009, 19:35 PM IST

RIL may make firm bid for LyondellBasell in February

Reliance Industries may make a firm bid to acquire bankrupt chemicals and fuel maker LyondellBasell Industries AF in February 2010 after USD 20 billion of debt owned by the troubled firm is restructured.

Nov 23, 2009, 18:38 PM IST

RIL rises over 1% after Lyondell offer

Shares in energy major Reliance Industries rose more than 1% early on Monday after the company said over the weekend it made a cash offer to buy a controlling interest in LyondellBasell Industries.

Nov 23, 2009, 11:11 AM IST

RIL all set to make India`s biggest ever global acquisition

Reliance Industries is all set to make the country`s biggest global acquisition if it emerges as the successful bidder for bankrupt LyondellBasell-- one of the world`s largest polymers, petrochemicals and fuels company.

Nov 22, 2009, 17:29 PM IST