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Aramco mulls cash, share-swap deal for stake in RIL's energy ops: Report


Aramco mulls cash, share-swap deal for stake in RIL’s energy ops: Report
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Last Updated: Apr 28, 2021, 08:13 PM IST
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Synopsis
The Kingdom was weighing paying for the deal with Saudi Aramco’s shares at first and then staggered cash payments over several years, the report said citing three sources in the know of the development.
Agencies
Aramco’s deal to acquire 20 per cent stake in RIL’s energy business was delayed due to the onset of the Covid-19 pandemic last year
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NSE
Reliance Industries are holding discussions over part cash and part share deal for the 20 per cent stake in the latter’s oil-to-chemical business, UK-based Financial Times reported today. ....

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RIL announces demerger of oil-to-chemical biz as talks with Aramco resume


RIL announces demerger of oil-to-chemical biz as talks with Aramco resume
After demerger, holding company RIL will have upstream exploration and production business, financial services, treasury and textile business, while RIL O2C Ltd will have an oil-to-chemical business comprising refining and petrochemicals, fuel retail, and control over global subsidiaries of RIL
BusinessToday.In | February 23, 2021 | Updated 12:25 IST
RIL Chairman Mukesh Ambani
Reliance Industries on Tuesday announced the demerger of its O2C (oil-to-chemical) business into a wholly-owned subsidiary as the company eyes mega deals in future, including with oil behemoth Saudi Aramco.
The notification, issued late night on February 23, seeks shareholder and creditors approval on the company s plan to demerge its O2C business. ....

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