RIL finalising O2C hiveoff as Aramco talks back on track

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Deal negotiations with Saudi Aramco expected to gather momentum from April. Synopsis As per the scheme of arrangement, RIL’s oil-to-chemicals business consisting of its refining and petrochemicals assets, fuel retail (51 per cent in a JV with BP) and bulk wholesale marketing businesses will get hived off into a step-down subsidiary, to be initially wholly … Read more