Gautam Adani, the second richest Asian, is reportedly looking to stitch a partnership with Saudi Aramco, months after rival Reliance Industries led by Mukesh Ambani scrapped a mega deal in the oil-to-chemicals (O2C) business.
A Bloomberg report quoting sources said on Friday that the conglomerate which has market capitalisation of almost $159 billion, is exploring potential partnerships in Saudi Arabia, including the possibility of buying a stake in Saudi Aramco.
It added the group has held preliminary talks on various potential co-operation and joint investment opportunities with the world’s largest oil exporter and the country’s Public Investment Fund (PIF).
