New Delhi: Its recent capital raising decisions and weak oil prices may be raising doubts among investors on the conclusion of Reliance Industries’ USD 15 billion deal with Saudi Aramco but there still exist significant advantages for the Saudi firm to conclude its investments in the oil-to-chemical business of the Indian giant, an analyst said on Wednesday. HSBC Global Research in a note said Aramco buying 20 per cent in O2C business of Reliance would allow the Indian firm to build financial muscle as it carves out space for itself in highly competitive omni-channel retail.<\/p>\n
Scepticism may be rising that Saudi Aramco’s proposed investment the O2C business, which RILNSE -1.94 % values at USD 75 billion, will not materialise.<\/p>\n
“With RIL announcing its first-ever capital raising via a rights issue; the recent infusion of capital into (the firm’s digital arm Jio Platforms) by Facebook; falling oil prices disturbing the financial position and attractiveness of oil assets; and no increment newsflow from Aramco, investors may be starting to believe that Aramco is no longer interested,” it said.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi: Its recent capital raising decisions and weak oil prices may be raising doubts among investors on the conclusion of Reliance Industries’ USD 15 billion deal with Saudi Aramco but there still exist significant advantages for the Saudi firm to conclude its investments in the oil-to-chemical business of the Indian giant, an analyst said on Wednesday. HSBC Global Research in a note said Aramco buying 20 per cent in O2C business of Reliance would allow the Indian firm to build financial muscle as it carves out space for itself in highly competitive omni-channel retail. Scepticism may be rising that […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-351250","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351250","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=351250"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351250\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}