Reliance Industries-saudi Aramco Deal

Reliance Industries chairman and managing director Mukesh Ambani said on Monday that Saudi Aramco will buy a 20 per cent stake in his group's oil-to-chemical business. The deal values Reliance Industries' oil-to-chemical business at $75 billion and the Saudi oil major Aramco will pay $15 billion for the 20 per cent stake in the company. "This would...

Reliance Industries chairman and managing director Mukesh Ambani said on Monday that Saudi Aramco will buy a 20 per cent stake in his group's oil-to-chemical business. The deal values Reliance Industries' oil-to-chemical business at $75 billion and the Saudi oil major Aramco will pay $15 billion for the 20 per cent stake in the company. "This would...