Reliance Industries and Exxon Chemical are competing to acquire a 25% stake in Indian Petrochemicals Corp. (IPCL; Baroda, India), according to a report in India's Financial Express newspaper.
The Indian government recently invited potential bidders to express their interest in the stake (CW, May 26, p. 24). According to the report, Reliance and Exxon have written to Warburg Dillon Read, …
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