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BSES supports RIL open offer

By Our Special Correspondent

MUMBAI DEC. 23. S. S. Dua, acting chairman and managing director, BSES, today stated that the company is strongly supporting the open offer of Reliance Industries for BSES shares.

"We strongly support Reliance's open offer for BSES,'' Mr. Dua stated in a press release here today. Reliance is already the largest shareholder in BSES, with nearly 44 per cent stake.

"Considering Reliance's consistent track record of superior operational and financial performance, we are confident that BSES will rise to new heights under Reliance's management control, leading to enhancement of overall value for all BSES's stake holders, including our valued five million customers and our nearly 1.40 lakh shareholders,'' Mr. Dua added.

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