Mukesh Ambani says after ‘unprecedented’ fund raising, RIL working to close Aramco deal
MUMBAI: Billionaire Mukesh Ambani has said that after the recent fund raising activity, which he refers to as an unprecedented event in Indian corporate history, the company is now moving towards closing its deal with Saudi Aramco.
RelianceNSE -0.32 % Industries (RIL) raised Rs 168,818 crore in two months through the country’s largest ever rights issue and series of stake sale deals in its arm Jio Platforms, delivering on a promise given to shareholders in August last year. The company is now working on delivering another promise– stake sale in its oil-to-chemicals business to Saudi Aramco.
