BP to buy 30% stake in RIL's 23 oil and gas blocks

New Delhi: Mukesh Ambani led Reliance Industries Limited (RIL) has signed an agreement with oil major British Petroleum (BP) for 30 per cent stake in Reliance Industries' 23 oil and gas blocks including the KG-D6 gas fields. The deal, valued at $9 billion, is one of the biggest foreign direct investments in the country.

Here is the press release issued by BP and RIL: