Reliance to reevaluate Saudi Aramco O2C Hive-Off deal; withdraws 2019 application
Shortpedia
Content Team
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The proposed deal between Reliance Industries (RIL) with Saudi Aramco, buying a 20% stake (for $15 Bn) in RIL’s oil-to-chemical business at a $75 Bn valuation has come to a standstill. In its 42nd AGM in 2019, Reliance Industries (RIL) had announced and launched many diverse initiatives — popular among them was Saudi Aramco buying a 20% stake (for $15 Bn) in Reliance’s oil-to-chemical business at a $75 Bn valuation.
