Demand is slowing down, addressable market of various businesses are shrinking, competition has intensified, business sentiments are low, world’s biggest economies are in recession and market valuations are at historic lows—seriously, the time has come to witness history’s biggest consolidation phase. We intend to re-start our blog to track the M&A and PE related events in India and in the world which will have likely impact on India. Keep visiting.
Wednesday, April 15, 2009
No merger plans of RIL and RIIL
Mukesh Ambani-promoted Reliance Industries (RIL) today said that it has no plans to merge Reliance Industrial Infrastructure (RIIL) with itself or any other entity. .“We wish to clarify that there are no plans or proposals being considered by Reliance Industrial Infrastructure to merge or otherwise restructure the company with RIL or any other entity,” the company said in a release.
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