Financial Insights

RIL and Saudi Aramco reassess and outsource O2C investment; hive-off.

RIL’s current NCLT application to sell its O2C business has been withdrawn
Reliance Industries (RIL)’s share price was 11 It fell 4% in early trading on the March 22nd.

RIL will continue to be Saudi Aramco’s preferred partner for private investment in India and will work with Saudi Aramco and chemical manufacturer SABIC on its investment in Kingdom of Saudi Arabia.

Reliance Industries and Saudi Aramco signed a non-binding agreement in August 2019 regarding the possibility that Saudi Aramco will acquire a 20% stake in the O2C business.

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