{"id":362184,"date":"2020-07-10T10:27:48","date_gmt":"2020-07-10T04:57:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362184"},"modified":"2020-07-10T10:28:30","modified_gmt":"2020-07-10T04:58:30","slug":"bp-pays-1-billion-for-49-stake-in-fuel-retail-jv-with-reliance-industries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-pays-1-billion-for-49-stake-in-fuel-retail-jv-with-reliance-industries\/","title":{"rendered":"BP pays $1 billion for 49% stake in fuel retail JV with Reliance Industries"},"content":{"rendered":"<p>NEW DELHI: UK\u2019s BP has paid Reliance IndustriesNSE 0.73 % $1 billion for 49% stake in a fuel retail joint venture, closing a transaction the two companies announced last year.<\/p>\n<p>Reliance BP Mobility ltd (RBML), the joint venture in which Reliance Industries (RIL) holds 51%, will operate under the Jio-BP brand and leverage Reliance\u2019s presence across 21 states and its millions of consumers through the Jio digital platform, according to a statement by the two companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: UK\u2019s BP has paid Reliance IndustriesNSE 0.73 % $1 billion for 49% stake in a fuel retail joint venture, closing a transaction the two companies announced last year. Reliance BP Mobility ltd (RBML), the joint venture in which Reliance Industries (RIL) holds 51%, will operate under the Jio-BP brand and leverage Reliance\u2019s presence across 21 states and its millions of consumers through the Jio digital platform, according to a statement by the two companies.<\/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-362184","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\/362184","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=362184"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362184\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}