Saudi Aramco, the world's largest crude oil producer, is in "serious discussions" to acquire up to a 25 percent stake in Reliance Industries' refining and petrochemicals businesses, the Times of India reported on Wednesday. A minority stake sale could fetch around $10 billion to $15 billion, valuing the Indian company's refining and petrochemicals businesses at around $55 billion to 60 billion, the report said. The agreement on valuation could be reached around June, the Indian newspaper reported, citing people with knowledge of the development. Goldman Sachs ...
Aramco in talks for 25% of Reliance's refining, petrochemical units: Report
A minority stake sale could fetch around $10 billion to $15 billion, valuing the Indian company's refining and petrochemicals businesses at around $55 billion to 60 billion, the report said
Topics
Saudi Aramco | Reliance | Mukesh Ambani
Reuters Last Updated at April 17, 2019 21:43 IST
First Published: Wed, April 17 2019. 07:42 IST
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