Reuter reported that Reliance has appointed Citigroup, Bank of America and Merrill Lynch to look for a buyer for its 45% stake in Eagle Ford Basin which it bought for USD 1.2 billions in 2010. Reliance is looking for a valuation of USD 4.5 billions for its stake according to people in the know that such a move is being initiated. If it managed to get such a valuation, it will be a positive for the company who will be investing huge amount in providing pan India 4G which is expected to be launched in 2015
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