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Reliance Industries offers to buy LyondellBasell
At 10:34 am, Reliance Industries was quoting at Rs 2,152.55, up Rs 27.40, or 1.29%. The company has made a preliminary, non binding cash offer to buy Dutch company LyondellBasell, reports CNBC-TV18.
At 10:34 am, Reliance Industries was quoting at Rs 2,152.55, up Rs 27.40, or 1.29%. It has touched an intra day high of Rs 2,162.80 and an intra day low of Rs 2,134.50
Reliance Industries has made a preliminary, non binding cash offer to buy Dutch company LyondellBasell, reports CNBC-TV18. LyondellBasel is currently going through the Chapter 11 procedure for bankruptcy and the cash offer will go through on emergence from Chapter 11.
It was trading with volumes of 146,693 shares. On Friday, the share closed up 2.07% or Rs 43.20 at Rs 2,125.15.
