Non-Resident Indian industrialist and chairman of Mittal Steel, Lakshmi N Mittal plans to buy Rising Sun, the biggest private yacht in the world.
"Mittal has stepped up his interest in Oracle billionaire Larry Ellison's mega-yacht, Rising Sun," The Daily Telegraph reported.
"Mittal has been shown around the boat three times this year," the report quoted an unnamed source.
"It is 138 metres long. While there are bigger models currently in design, Rising Sun is the biggest private yacht in the world. Ellison hasn't directly put it up for sale, but he's made it known that he's open to offers, somewhere just over the £200 million mark (Rs 1,600 crore approx). It's safe to say only serious players need apply."