Reliance Industries, the largest Indian listed company, would think big if it went shopping abroad, according to its international oil business president.
“It would be a very major acquisition, whatever we do,” Atul Chandra told the Reuters India Investment Summit. “Acquisitions could be in excess of $10 billion to $15 billion.”
Reliance, which has a market cap over $100 billion, owns the world’s third largest refinery and hopes eventually to produce about 300,000 barrels per day of oil overseas.
(With Nishant Kumar; image: Atul Chandra, Reuters file.)
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