BOMBAY (AFX-ASIA) – Reliance Industries Ltd said it is making an open offer to acquire a fresh 20% stake in power company BSES Ltd, in a move that will cost the group around 7.43 billion rupees. (US$1=50 rupee). Reliance already has a 43.4% stake in BSES, which is a leading power generation and distribution company…
INDIA: Reliance Industries announces open offer for another 20% of BSES
Posted on December 31, 2002 by EnergyAsia