Reliance to hive off $75 bn O2C business into separate unit for sale to Aramco

After the approval, the oil-to-chemical (O2C) business will become a separate vertical with independent balance sheet just like the conglomerate's digital arm, Jio Platforms. RIL had organised all its digital businesses including Reliance Jio that has 388 million telecom subscribers, into Jio Platforms.

from Energy-Industry-Economic Times https://ift.tt/2VQKcE4