{"id":287100,"date":"2019-08-13T05:48:45","date_gmt":"2019-08-13T05:48:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287100"},"modified":"2019-08-13T05:48:45","modified_gmt":"2019-08-13T05:48:45","slug":"aramco-and-bp-to-help-mukesh-ambani-slash-22-bn-of-reliance-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramco-and-bp-to-help-mukesh-ambani-slash-22-bn-of-reliance-debt\/","title":{"rendered":"Aramco and BP to help Mukesh Ambani slash $22 bn of Reliance debt"},"content":{"rendered":"<p>Billionaire Mukesh Ambani\u2019s Reliance Industries Ltd. is on a mission to reduce debt after racking up $76 billion in capital expenditure in the last five years. <\/p>\n<p>The conglomerate aims to be a zero-net-debt company in 18 months, Asia\u2019s richest man told shareholders Monday. Aiding that effort would be a decision to sell 20% of Reliance\u2019s oil-to-chemicals business to Saudi Arabian Oil Co., or Aramco, at an enterprise value of $75 billion. The company will also start preparing to list its retail and telecommunications units within five years, Ambani said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Mukesh Ambani\u2019s Reliance Industries Ltd. is on a mission to reduce debt after racking up $76 billion in capital expenditure in the last five years. The conglomerate aims to be a zero-net-debt company in 18 months, Asia\u2019s richest man told shareholders Monday. Aiding that effort would be a decision to sell 20% of Reliance\u2019s oil-to-chemicals business to Saudi Arabian Oil Co., or Aramco, at an enterprise value of $75 billion. The company will also start preparing to list its retail and telecommunications units within five years, Ambani said.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-287100","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=287100"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287100\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}