RIL is on a shopping spree but how does its M&A report card look like?

For almost three decades after Reliance Industries Ltd went public in 1977, the Ambanis largely built their business organically—barring a few energy assets like Indian Petrochemicals Corp Ltd. There were some ill-fated attempts to diversify with a legendary takeover battle for Larsen & Toubro Ltd, but the group hardly figured ......