{"id":287266,"date":"2019-08-13T07:20:54","date_gmt":"2019-08-13T07:20:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287266"},"modified":"2019-08-13T07:20:54","modified_gmt":"2019-08-13T07:20:54","slug":"ril-surges-over-8-on-aramco-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-surges-over-8-on-aramco-deal\/","title":{"rendered":"RIL surges over 8% on Aramco deal"},"content":{"rendered":"<p>Reliance Industries soared the most in more than two years after billionaire Mukesh Ambani revealed a plan to sell a stake to Aramco as part of efforts to pare debt that piled 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 proposed sale of 20% of Reliances oil-to-chemicals business to Saudi Arabian Oil Co. 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<p>Shares of Reliance jumped as much as 8.8% in Mumbai, the biggest intra-day gain since Feb. 22, 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries soared the most in more than two years after billionaire Mukesh Ambani revealed a plan to sell a stake to Aramco as part of efforts to pare debt that piled 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 proposed sale of 20% of Reliances oil-to-chemicals business to Saudi Arabian Oil Co. at an enterprise value of $75 billion. The company will also start preparing to list its retail and telecommunications [&hellip;]<\/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":[130],"tags":[],"class_list":["post-287266","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287266","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=287266"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287266\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}