Friday, April 2, 2021

Reliance gets shareholders, creditors nod for hiving off O2C business into separate unit

In February, RIL had announced the contours of spinning-off its oil refining, fuel marketing and petrochemical (oil-to-chemical) business into an independent unit with a USD 25 billion loan from the parent, as it looked to unlock value by settling stakes to global investors like Saudi Aramco.

from Energy-Industry-Economic Times https://ift.tt/3ml1Rzd

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