Reliance sets sights on HPCL, BPCL and IBP The Reliance group is gearing up for mega acquisitions of public sector oil marketing giants Hindustan Petroleum Corp (HPCL), Bharat Petroleum Corp (BPCL) and IBP. Reliance plans to unlock Rs 65,000 cr `hidden value' Reliance Industries Ltd (RIL) has decided to ``unlock'' the ``hidden value'' of the company. Pegging the hidden values at a whopping Rs 65,000 crore, company managing director Anil Ambani said the company would unlock it in the near future. Ambanis to buy another 3% stake The Ambanis are set to exhaust the 5% ceiling allowed by Sebi for hiking promoters' stake through the creeping acquisition route in their flagship Reliance Industries. Other income props up Bajaj Auto H1 net Elder Pharma plans issue Sun F&C plans balanced fund US distributors to buy Fidelity's entire solid industrial tyre output Briefing The Index Reliance first-half net rises 22% to Rs 1,122 cr Aiwa snaps ties with Baron Electronics McDowell net profit rises to Rs 5.5 crore; UB floats subsidiary MRTPC bar on Sterling Resorts Hyundai Accent bookings to open in Mumbai from today Escorts Yamaha H1 sales up 15% Cheminor Drugs Q2 net rises to Rs 7.3 cr
feedback@financialexpress.com