Live Breaking News & Updates on Reliance Aramco Deal
Stay updated with breaking news from Reliance aramco deal. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the conglomerate due to valuation concerns, sources with knowledge of the matter said. ....
Aramco, the world's top oil exporter, signed a non-binding agreement to buy a 20 per cent stake in Reliance's O2C business for $15 billion in 2019. ....
Reliance-Aramco Deal: A majority of Reliance's shareholders have passed the resolution to appoint Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director ....
Talks between both the two giants have been going on for the past two years. The delay was caused due to Covid-19 pandemic and falling crude oil prices. If the deal is signed, it'll be Saudi Aramco's first all-stock deal since the IPO ....