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Reliance Q4 result: Revenue up 11% YoY, PAT comes almost flat; 5 key highlights

Reliance Q4 result: RIL reported a mixed set of numbers for the March quarter of the last financial year. RIL s gross revenue increased by 10.8 per cent year-on-year. However, profit after tax (PAT) remained almost flat. ....

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RIL gains 2% on report co discusses stake sale with Aramco; up 7% this week


Reliance Industries shares advanced 2.4 per cent in the intra-day deals on Thursday to hit a high of Rs 2,045 apiece on the BSE after a report suggested that the Mukesh Ambani controlled company has held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm.
Aramco is weighing paying for the stake with its shares initially and then staggered cash payments over several years. The proportion of shares versus cash was still up for debate and terms had yet to be finalised, said a report by Financial Times. ....

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