Monday, February 21, 2011

Reliance

The Maharashtra government de-notified the Maha SEZ, and the CBI are probing into Swan, Reliance Industries Ltd. (RIL) on Monday announced the sale of 30 per cent stake in its 23 blocks, including the giant KG-D6 gas fields, to "BP of U.K." for $7.20 billion.

IMO: Sounds cheap to me. To much of the general public, after A. Raja, Reliance may by now have a worse reputation than BP has, after their Gulf fiasco, though. I don't know whether to laugh or cry. Cry, I suppose is correct.

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