Mukesh Ambani’s Reliance Industries had determined with Saudi Aramco to reevaluate the oil giant’s proposed kind of $15 billion investment in Reliance’s oil-to-chemicals (O2C) enterprise. The 20% stake sale within the unit changed into announced in 2019 however became behind schedule as oil expenses and call for crashed remaining 12 months due to the pandemic.
Reacting to this news stocks of Reliance Industries slipped over 4% touching to Rs. 2368.2.
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