Reliance adds to war chest with $764m stock placement
Reliance Industries boosted its cash position for a second time in a week as it sold treasury shares worth $764m early on Monday, in a move that will strengthen its bid for bankrupt petrochemicals firm LyondellBasell.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts