Click it and Unblock the Notifications
For Quick Alerts
For Daily Alerts
Just In
Don't Miss
-
TCS Vs Infosys: Dividend History And Upcoming Rewards, Which IT Giant Is Better? -
Malaika Arora Continues To Get Backlash For Asking Son Arhaan About ‘Body Count’, Here's What It Means -
PBKS vs MI, IPL 2024: 'Jasprit Bumrah is the Greatest Match Winner' - Twitter Hails MI Pacer after Amazing Bowling -
Aprilia RS 457 Accessories: A Detailed Look At The Prices -
Karnataka SSLC Result 2024 Soon, Know How to Check Through Website, SMS and Digilocker -
7 Questions You Should Ask Your Partner Before Getting Into An Arranged Marriage -
Nothing Ear, Ear a With ANC, Up to 42.5 Hours of Battery Launched; Check Price and Availability -
Telangana's Waterfall: A Serene Escape Into Nature's Marvels
RIL raises bid for LyondellBasell: Source
New York, Jan 8: Reliance Industries Ltd has raised bid price to bankrupt chemicals firm LyondellBasell Industries, a source said on Friday, Jan 8.
Under this offer, Mukesh Ambani's RIL raised the valuation of Lyondell to $13.5 billion, up from $12 billion in an initial bid made in Nov 2009, said the source, who did not wish to be identified.
According to the source, RIL would purchase about $2.2 billion in new stock and support a separate $2.8 billion rights offering by LyondellBasell to take the company out of bankruptcy.
However, Reliance declined comment on the issue.
A spokesman from Lyondell also declined to comment on its discussions with Reliance, saying it is bound by a confidentiality agreement.
OneIndia News
Comments
Story first published: Friday, January 8, 2010, 16:16 [IST]
