Reliance Aramco Deal
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India's Reliance Denies Report Of Bid For UK Telecom BT Group
Last week, Reliance and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of Reliance due to valuation concerns.
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Reliance, Aramco Call Off $15 Billion Deal Amid Valuation Differences, Sources Say
The collapse of the deal reflects the changing global energy landscape as oil and gas companies shift away from fossil fuel to renewables.
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Why Reliance Called Off $15 Billion Deal With Aramco
Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the conglomerate due to valuation concerns, sources with knowledge of the matter said.
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Reliance, Saudi Aramco Call Off $15 Billion Deal Amid Valuation Differences: Report
Aramco, the world's top oil exporter, signed a non-binding agreement to buy a 20 per cent stake in Reliance's O2C business for $15 billion in 2019.
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Reliance Industries Shares Fall After Halting $15 Billion Sale
Shares of Reliance Industries fell as much as 4.2 per cent to hit an intraday low of Rs 2,368.20 on the BSE on Monday as the country's largest firm decided to halt a stake sale in its oil-to-chemicals business (O2C) to Saudi Arabia's Aramco and pulled back from a potential spinoff of its most profitable unit.
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Reliance Shelves $15 Billion Deal With Saudi Aramco, To Re-Evaluate: Report
Reliance also decided to withdraw the proposal filed before the National Company Law Tribunal (NCLT) to separate O2C business from the company.
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Mukesh Ambani's Reliance Shelves $15 Billion Deal With Saudi Aramco, Will Re-Evaluate: Report
After missing two self-imposed deadlines, billionaire Mukesh Ambani's Reliance Industries Ltd has shelved a proposed deal to sell a 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco for an asking of USD 15 billion.
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Reliance To Re-Evaluate Saudi Aramco's Stake In Oil-To-Chemicals Arm
Billionaire Mukesh Ambani-led Reliance Industries has withdrawn its application with the National Company Law Tribunal (NCLT) for segregating its oil-to-chemicals (O2C) business, following a mutual decision with Saudi Aramco to re-evaluate the stake sale of the O2C arm. The move came in light of Reliance's new energy business plans and the ''evolvi...
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Reliance Industries To Add Aramco Chairman As Independent Director: Report
Reliance-Aramco Deal: A majority of Reliance's shareholders have passed the resolution to appoint Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director
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Aramco In Talks To Buy 20% Stake In Reliance Unit For Up To $25 Billion
Reliance, which is backed by Indian billionaire Mukesh Ambani, could reach an agreement with Aramco as soon as the coming weeks, the people said.
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$15 Billion Oil Deal With Aramco To Complete This Year: Mukesh Ambani
Reliance Industries will complete the $15 billion oil deal with Aramco this year, Mukesh Ambani said at the 44th Annual General Meeting of Reliance Industries. The announcement came in wake of the induction of Yasir Al Rumayyan onto the board of Reliance Industries as an independent director. Reliance Industries will sell 20 per cent stake in its o...
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Saudi Aramco Still Chasing $15 Billion Deal With Mukesh Ambani's Reliance
Reliance's shares fell in mid-July after Chairman Mukesh Ambani said a transaction had been delayed "due to unforeseen circumstances in the energy market and the Covid-19 situation."
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Reliance's Stake Sale Talks With Saudi Aramco Stalled Over Valuation: Report
On Wednesday, Reliance Chairman Mukesh Ambani had said the deal has not progressed according to plans due to the COVID-19 situation.
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Reliance Industries Shares Bounce Back Over 1% A Day After AGM
Trending stocks: Reliance Industries shares bounced back over 1 per cent, a day after shedding 4 per cent in wake of the 43rd and first-ever virtual annual general meeting.
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Saudi Aramco Deal Not Progressed As Plan Due To COVID-19, Says Mukesh Ambani
Reliance Industries' shares declined 5% after Mr Ambani's announcement
-
India's Reliance Denies Report Of Bid For UK Telecom BT Group
Last week, Reliance and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of Reliance due to valuation concerns.
-
Reliance, Aramco Call Off $15 Billion Deal Amid Valuation Differences, Sources Say
The collapse of the deal reflects the changing global energy landscape as oil and gas companies shift away from fossil fuel to renewables.
-
Why Reliance Called Off $15 Billion Deal With Aramco
Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the conglomerate due to valuation concerns, sources with knowledge of the matter said.
-
Reliance, Saudi Aramco Call Off $15 Billion Deal Amid Valuation Differences: Report
Aramco, the world's top oil exporter, signed a non-binding agreement to buy a 20 per cent stake in Reliance's O2C business for $15 billion in 2019.
-
Reliance Industries Shares Fall After Halting $15 Billion Sale
Shares of Reliance Industries fell as much as 4.2 per cent to hit an intraday low of Rs 2,368.20 on the BSE on Monday as the country's largest firm decided to halt a stake sale in its oil-to-chemicals business (O2C) to Saudi Arabia's Aramco and pulled back from a potential spinoff of its most profitable unit.
-
Reliance Shelves $15 Billion Deal With Saudi Aramco, To Re-Evaluate: Report
Reliance also decided to withdraw the proposal filed before the National Company Law Tribunal (NCLT) to separate O2C business from the company.
-
Mukesh Ambani's Reliance Shelves $15 Billion Deal With Saudi Aramco, Will Re-Evaluate: Report
After missing two self-imposed deadlines, billionaire Mukesh Ambani's Reliance Industries Ltd has shelved a proposed deal to sell a 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco for an asking of USD 15 billion.
-
Reliance To Re-Evaluate Saudi Aramco's Stake In Oil-To-Chemicals Arm
Billionaire Mukesh Ambani-led Reliance Industries has withdrawn its application with the National Company Law Tribunal (NCLT) for segregating its oil-to-chemicals (O2C) business, following a mutual decision with Saudi Aramco to re-evaluate the stake sale of the O2C arm. The move came in light of Reliance's new energy business plans and the ''evolvi...
-
Reliance Industries To Add Aramco Chairman As Independent Director: Report
Reliance-Aramco Deal: A majority of Reliance's shareholders have passed the resolution to appoint Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director
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Aramco In Talks To Buy 20% Stake In Reliance Unit For Up To $25 Billion
Reliance, which is backed by Indian billionaire Mukesh Ambani, could reach an agreement with Aramco as soon as the coming weeks, the people said.
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$15 Billion Oil Deal With Aramco To Complete This Year: Mukesh Ambani
Reliance Industries will complete the $15 billion oil deal with Aramco this year, Mukesh Ambani said at the 44th Annual General Meeting of Reliance Industries. The announcement came in wake of the induction of Yasir Al Rumayyan onto the board of Reliance Industries as an independent director. Reliance Industries will sell 20 per cent stake in its o...
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Saudi Aramco Still Chasing $15 Billion Deal With Mukesh Ambani's Reliance
Reliance's shares fell in mid-July after Chairman Mukesh Ambani said a transaction had been delayed "due to unforeseen circumstances in the energy market and the Covid-19 situation."
-
Reliance's Stake Sale Talks With Saudi Aramco Stalled Over Valuation: Report
On Wednesday, Reliance Chairman Mukesh Ambani had said the deal has not progressed according to plans due to the COVID-19 situation.
-
Reliance Industries Shares Bounce Back Over 1% A Day After AGM
Trending stocks: Reliance Industries shares bounced back over 1 per cent, a day after shedding 4 per cent in wake of the 43rd and first-ever virtual annual general meeting.
-
Saudi Aramco Deal Not Progressed As Plan Due To COVID-19, Says Mukesh Ambani
Reliance Industries' shares declined 5% after Mr Ambani's announcement
