(EnergyAsia, March 24, Tuesday) — India’s privately held Reliance Industries Ltd (RIL) is bidding to take over Reliance Petroleum Ltd (RPL) to boost their competitiveness on the world oil market. As part of the deal, RIL is offering to pay Rs60 per share for Chevron’s 5% stake in RPL. (US$1 = Rs51). With RPL firmly…
INDIA: RIL wants to take over Reliance Petroleum
Posted on March 23, 2009 by EnergyAsia