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Saudi Aramco-Reliance deal talks regain momentum, sends RIL stock rising

image NEW DELHI: Shares of Reliance Industries were trading nearly 1 per cent higher in Monday's trade amid an ET NOW report suggesting that deal talks with Saudi Aramco for selling of stake in oil-to-chemicals (O2C) business have gained momentum after a brief pause due to Covid-19.

Aramco was earlier looking to buy a 20 per cent stake in RIL's oil to chemicals (O2C) business for $20 billion, but the talks did not progress on expected lines due to disruption in the oil market amid the pandemi ..

Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/saudi-aramco-reliance-deal-talks-regain-momentum-sends-ril-stock-rising/articleshow/79123594.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst/..........................BL

09-Nov-2020