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Reliance Industries unveils O2C spinoff plan


Reliance Industries unveils O2C spinoff plan
Aramco may buy stake in new entity
Reliance Industries Ltd (RIL) expects to get all the necessary approvals to hive off its oil-to-chemicals (O2C) business into a separate unit by the second quarter of the next fiscal year, paving the way for the possible arrival of strategic and financial investors in the subsidiary.
RIL will spin off Reliance O2C into a wholly owned subsidiary, with the transfer of assets to O2C done on a slump-sale basis that makes the reorganisation tax neutral to Reliance.
The company will transfer $40 billion of long-term assets, $2bn of net working capital and $5bn of non-current liabilities to the O2C entity for a consideration of $25bn of a long-dated floating rate loan and $12 billion of equity.

Saudi-arabia , Malaysia , Ahmedabad , Gujarat , India , Mumbai , Maharashtra , United-kingdom , Malaysian , Saudi , British , Mukesh-ambani

Reliance Industries | Carving out O2C operations to boost investors' wealth, help RIL raise external investment: Analysts


Updated Feb 24, 2021 | 10:04 IST
Moody's Investors Service said that RIL's proposed transfer of its O2C business to a separate subsidiary will help the company to monetise stake in the segment.
Carving out O2C operations to boost investors' wealth, help RIL raise external investment: Analysts  |  Photo Credit: BCCL
New Delhi: Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL), which has proposed separating its oil-to-chemicals (O2C) operations via a slump sale of assets into a separate unit with a $25 billion loan from the parent, on Tuesday said it had received the green signal from the Securities and Exchange Board of India (Sebi) and stock exchanges to create this independent subsidiary.

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Reliance To Spinoff Oil-To-Chemicals Unit With $25 Billion Loan


Feb 24 2021, 2:20 PM
February 23 2021, 8:26 AM
February 24 2021, 2:20 PM
(Bloomberg) -- Reliance Industries Ltd. has started carving out its new oil-to-chemicals operation into an independent unit with a $25 billion loan from the parent, as billionaire Mukesh Ambani steps up efforts to unlock the value of his businesses.
(Bloomberg) -- Reliance Industries Ltd. has started carving out its new oil-to-chemicals operation into an independent unit with a $25 billion loan from the parent, as billionaire Mukesh Ambani steps up efforts to unlock the value of his businesses.
The wholly owned unit’s assets will be funded by the interest-bearing loan, which will be an “efficient mechanism to upstream cash, including any potential capital receipts,” in the unit, according to a company presentation filed with the stock exchanges.

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RIL restructuring to ease Aramco deal, unlock next leg of up move: Analysts


Reliance Industries' (RIL) investors remained largely unfazed by the company’s proposal to hive off the oil-to-chemical (O2C) business into a 100 per cent subsidiary of RIL as most had anticipated the move. Shares of RIL closed 0.8 per cent higher on the BSE on Tuesday, having rallied 2 per cent at the bourses in the intra-day trade.
Yet, the latest announcement, RIL's focus on 'new energy and net materials' business (dedicated towards development of a green energy ecosystem) and gradually improving outlook for O2C vertical could provide triggers for the stock going ahead.
Late on Monday, RIL said it has initiated the process of reorganisation of O2C business into a new subsidiary, which is expected to complete by Q2FY22. As per the proposal, RIL will transfer its refining and petrochemicals businesses along with fuel marketing joint venture (RIL holds 51 per cent) with BP, elastomer joint venture (74.9 per cent) with Sibur, Recron/RP Chemicals Malaysia, trading subsidiaries, ethane pipeline and all other related assets to the O2C entity.

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RIL's O2C business spinoff will facilitate a potential stake sale to Aramco: Moody's

Oil-to-chemicals contributed more than 60% in the last financial year to the RIL’s revenue

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reliance shares: Morgan Stanley gives thumbs up to RIL going green; shares gain 2%

Morgan Stanley said RIL is embarking on its journey to address the $800 billion total addressable market in organised retail and e-commerce, $300 billion in chemicals, and $50billion in renewables as demand shifts from oil to alternative fuels.

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RIL to Spin Off Oil-to-Chemicals With $25B Loan


by Bloomberg
|Tuesday, February 23, 2021
Reliance Industries Ltd. has started carving out its new oil-to-chemicals operation into an independent unit with a $25 billion loan from the parent.
(Bloomberg) -- Reliance Industries Ltd. has started carving out its new oil-to-chemicals operation into an independent unit with a $25 billion loan from the parent, as billionaire Mukesh Ambani steps up efforts to unlock the value of his businesses.
The wholly owned unit’s assets will be funded by the interest-bearing loan, which will be an “efficient mechanism to upstream cash, including any potential capital receipts,” in the unit, according to a company presentation filed with the stock exchanges.

Saudi-arabia , Mumbai , Maharashtra , India , Saudi-arabian , Mukesh-ambani , Sweta-patodia , Mayank-maheshwari , Google , Morgan-stanley , Facebook-inc , Moody-investors-service

S'pore top stock of 2020 faces rougher ride ahead

S'pore top stock of 2020 faces rougher ride ahead
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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STI top gainer Sembcorp faces rougher ride next year

STI top gainer Sembcorp faces rougher ride next year
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

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Singapore's Top Stock of 2020 Faces a Rougher Ride Next Year


Singapore’s Top Stock of 2020 Faces a Rougher Ride Next Year
Bloomberg
12/21/2020
Ishika Mookerjee
(Bloomberg) -- Equity investors have given Singapore’s Sembcorp Industries Ltd. a big thumbs-up this year after it shed its loss-making marine unit. But 2021 may prove to be a lot less euphoric, according to analysts.
The utilities firm is 2020’s top gainer on the benchmark Straits Times Index, after being the worst performer in the preceding five-year period. However, concerns over the economic recovery in some of Sembcorp’s biggest markets are emerging, adding pressure to further gains.
© Bloomberg
Sembcorp Industries has rallied after shedding its loss-making unit

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