RIL’s O2C hive-off aimed at attracting marque investors

Mumbai: Reliance Industries (RIL NSE 0.85 %) has moved a step closer to its goal of value unlocking its oil-to-chemicals business with the release of a detailed plan to hive off the business into a separate entity, Reliance O2C.

The move may help the Mukesh Ambani-led conglomerate attract global investments in the business, after receiving big-ticket investment in its digital arm Jio.