Is Reliance Benefitted for losing bid of LyondellBasell ??

Jyoti i am not supporting the side that "Reliance saved its reserves/money" But opposing the side "Reliance lost corporate global view".

Because Reliance made the highest acquisition bid for LyondellBasell for $14.5 billions even more than Tata-Corus for $ 12.2 billion. But in Indian stock market view; rejection by Lyondellbasell seems to be positive by many analyst because the valuation for LyondellBasell seemed a bit too high for a company coming out of bankruptcy.

Reliance may focus on the possible acquisition of Canada’s Value Creation Inc.The company had bid $2 billion to acquire 65 percent of the Canada-based company with oil-sands assets.

In short, it is just a part of business. If Lyondell rejects then any other may accept. But we can't argue for benefit or profitability of company through losing bid one bid.

Saving the money and reserves but not acquiring the big company at this recessionary stage is the conservative approach for its future plans and consolidationary growth story. These temporary bankrupt assets can become huge resource for in future. RIL grows as Indian company but cannot own the good products as of DOW and Lyondell Basell.