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MUKESH'S BIG OFFER: Reliance Industries Ltd still has not given up hope on bagging LyondellBasell.

MUKESH

Reliance ready to pay more for bust US firm, spurned

Reliance Industries Ltd has sweetened its offer to buy a controlling stake in LyondellBasell Industries that values the bankrupt chemicals firm at $13.5 billion, a source familiar with the situation told Reuters. But Lyondell's board has rejected Reliance's sweetened offer, said the Wall Street Journal, which first reported the raised offer.

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