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Reliance looks for a strategic investor

Santosh Sathanur | June 11, 2010
Pressure on margins forced Reliance to evaluate dilution of equity

If a stake sale happens between existing operators it cannot be perceived as the beginning of much needed consolidation in the industry. We believe that the regulatory landscape has to become more conducive to mergers and acquisitions before any of the existing players start evaluating consolidation opportunities.

 

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