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Mukesh Ambani’s Reliance hives off O2C business ahead of Aramco deal BCCL Reliance Industries Limited announced the demerger of its oil-to-chemicals (O2C) business into a wholly-owned subsidiary. Reorganisation of O2C business facilitates participation by strategic investors and marquee sector focused investors, it added. Mumbai-headquartered oil major also announced that it aims to work with the O2C business to reduce its carbon footprint and become net carbon zero by 2035. Mukesh Ambani-owned Reliance Industries Limited, India s most valuable company, announced the demerger of its oil-to-chemicals (O2C) business into a wholly-owned subsidiary. In a late-night filing to stock exchanges, the company said the reorganization would enable a focused pursuit of opportunities across the O2C value chain, improved efficiencies through a self-sustaining capital structure.

Saudi arabiaReliance industries limitedMukesh reliance industriesReliance industriesAmbani owned reliance industries limitedSaudi arabia basedRil stock priceRil share priceRil oil businessRil o2c businessApril newsRil demerger newsRil demergerசவுதி அரேபியாநம்பகத்தன்மை தொழில்கள் வரையறுக்கப்பட்டவைமுகேஷ் நம்பகத்தன்மை தொழில்கள்