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.
Telecom regulator TRAI on Tuesday said
it will float a consultation paper on merger and acquisitions
in the sector by the next month, a move that could unleash the
second wave of consolidation in the sector.
Notwithstanding the slump in the global market,the appetite for merger and acquisitions by companies both in the developed as well as emerging market economies like India and China continued to be robust, a survey says.
The ripple effects of the fall of
Lehman Brothers in September last year is evident in the field
of global mergers and acquisitions (M&A), which shrank by
nearly 40 per cent in the 12-month period since then.