India’s Reliance to sell 20% stake in oil business to Aramco

India’s Reliance to sell 20% stake in oil business to Aramco

Saudi Aramco is planning a multibillion dollar investment in India’s Reliance Industries. Aramco has signed a letter of intent to take a 20 per cent stake in Indian behemoth Reliance’s oil-to-chemicals business. This is one of the largest ever foreign investments in India. The deal is estimated at around $15 billion.

Simone
Simone
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