Biggest Foreign Investment In Reliance History: Mukesh Ambani On New Deal


Reliance Industries Ltd is set to sell a 20 per cent stake in its oil to chemicals business to Saudi Aramco in one of the largest ever foreign investments in the country, Reliance Chairman Mukesh Ambani said on Monday.”(This is) the biggest foreign investment in the history of Reliance,” Mr Ambani said at the company’s annual general meeting in Mumbai.
“It is also amongst the largest foreign investments ever in India,” said Mr Ambani, adding the deal values the business at $75 billion including debt.

The partnership will cover all of Reliance’s refining and petrochemicals assets, Mr Ambani said.

source By NDTV


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