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2019-08-13 13:30:00

SAUDIS INVESTMENT FOR INDIA $100 BLN

SAUDIS INVESTMENT FOR INDIA $100 BLN

PLATTS - Saudi Aramco will acquire a 20% stake in Reliance Industries' oil-to-chemical business, expanding Saudi Arabia's burgeoning footprint in India's fast-growing refining sector.

The deal, announced by Reliance Chairman Mukesh Ambani at an investors meeting Monday, will see the Saudi state-owned oil giant pay an implied $15 billion for the 20% stake of the oil-to-chemicals division, which Reliance values at $75 billion.

The transaction, which is subject to due diligence,…

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SAUDIS INVESTMENT FOR INDIA $100 BLN
2019, August, 12, 12:50:00
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SAUDIS INVESTMENT FOR INDIA $100 BLN
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Tags: SAUDI, ARABIA, ARAMCO, INDIA, INVESTMENT
Chronicle:
SAUDIS INVESTMENT FOR INDIA $100 BLN
2019, December, 6, 13:35:00
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SAUDIS INVESTMENT FOR INDIA $100 BLN
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