{"id":310968,"date":"2020-01-18T10:24:05","date_gmt":"2020-01-18T04:54:05","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=310968"},"modified":"2020-01-18T10:48:37","modified_gmt":"2020-01-18T05:18:37","slug":"ril-saudi-aramco-15-bn-deal-unlikely-to-close-by-march-31-cfo-v-srikanth","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-saudi-aramco-15-bn-deal-unlikely-to-close-by-march-31-cfo-v-srikanth\/","title":{"rendered":"RIL-Saudi Aramco 15-bn deal unlikely to close by March 31: CFO V Srikanth"},"content":{"rendered":"<p>Mukesh Ambani-led Reliance Industries is unlikely to close the deal for 20 per cent stake in its oil to chemicals business to Saudi Aramco by March 31 this year, according to a senior company official. <\/p>\n<p>In August last year, the company announced its plans to sell its 20 per cent stake in its flagship chemicals and refining business to Saudi Aramco in a deal valued at $15 billion. <\/p>\n<p>The deal, aimed at cutting its massive debt and secure an assured supply of crude oil to its refineries, was expected to be closed by March 31, 2020. <\/p>\n<p>&#8220;&#8230;it will not be a deal which will get done by March 31. It&#8217;s a large transaction, large cross border transaction, a complex transaction and so timeline is something we have to be realistic about,&#8221; its joint chief financial officer V Srikanth told reporters here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani-led Reliance Industries is unlikely to close the deal for 20 per cent stake in its oil to chemicals business to Saudi Aramco by March 31 this year, according to a senior company official. In August last year, the company announced its plans to sell its 20 per cent stake in its flagship chemicals and refining business to Saudi Aramco in a deal valued at $15 billion. The deal, aimed at cutting its massive debt and secure an assured supply of crude oil to its refineries, was expected to be closed by March 31, 2020. &#8220;&#8230;it will not be [&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":[135,130,169],"tags":[],"class_list":["post-310968","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\/310968","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=310968"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310968\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=310968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=310968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=310968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}