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Business Today, April, 2007 by Balaji Chandramouli; Deepti Khanna Bose; Kushan Mitra; Mahesh Nayak; Nitya Varadarajan; Pallavi Srivastava; Ritwik Mukherjee; Krishna Gopalan

Chemistry Of Geographies

Reliance is poised to pull off India's largest-ever overseas transaction.

Krishna Gopalan

The Ambanis' penchant for size and scale is legendary, and is reflected in the capacities they've put up (refining and petrochemicals) and projects they've rolled out (telecom and the Rs 25,000 crore retailing blueprint that's being implemented). At a time when observers back home are still in awe of the mega-acquisitions pulled off by the Tatas and the Birlas (of Corus and Novelis, respectively), Mukesh Ambani, Chairman, Reliance Industries (RIL), at the time of BT going to press, appeared poised to conclude the mother of all mega-deals: With the $49 billion (Rs 2,15,600 crore) Dow Chemicals of the us, which could be either a joint venture or an...

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