Global petrochemical major LyondellBasell on Friday said it will raise $3.2 billion (nearly Rs 147.45 billion) through debt and issue of securities on private placement basis, which will be used by the company to come out of bankruptcy.
Reliance Industries' $14.5 billion bid for LyondellBasell may be rejected by the creditors of the bankrupt Dutch company, a media report said.
LyondellBasell on Wednesday said it has won the US bankruptcy court's approval for reaching a settlement with its creditors, paving the way for the chemical giant to emerge from bankruptcy.
8 CEOs on the list are female, and they far outpace the median pay for the Equilar 100 as a whole
State-owned ONGC is talking to world's leading chemical firms, including Itochu Corp of Japan and the two UK-based companies -- Ineos and Lyondell Basel -- for a strategic partnership in the Rs 12,440-crore (Rs 124.40 billion) petrochemical plant, which one of its units is building at Dahej in Gujarat.
US-based Apollo Global has picked up stake in Indian firms which are not doing that well financially.
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