{"id":363205,"date":"2020-07-17T10:21:49","date_gmt":"2020-07-17T04:51:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363205"},"modified":"2020-07-17T10:41:58","modified_gmt":"2020-07-17T05:11:58","slug":"reliance-industries-hints-its-no-longer-desperate-for-saudi-aramco-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-hints-its-no-longer-desperate-for-saudi-aramco-deal\/","title":{"rendered":"Reliance Industries hints it&#8217;s no longer desperate for Saudi Aramco deal"},"content":{"rendered":"<p>Mukesh Ambani announcing a delay in the proposed deal with Saudi Aramco has raised concerns on whether the Reliance Industries-Saudi Aramco transaction is less desirable now. <\/p>\n<p>\u201cDue to unforeseen circumstances in the energy market and the Covid-19 situation, the deal has not progressed according to the original timeline,\u201d Ambani, chairman and managing director for RIL, informed shareholders on Wednesday. The billionaire punctuated his remarks on the deal saying \u201cour equity requirements have already been met\u201d. <\/p>\n<p>A year ago, in August, when Ambani first announced Saudi Aramco\u2019s intent to invest in RIL\u2019s oil to chemicals (O2C) business, the deal was crucial for RIL\u2019s net debt free target. In less than 12 months, the needs and options for both the seller and buyer has changed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani announcing a delay in the proposed deal with Saudi Aramco has raised concerns on whether the Reliance Industries-Saudi Aramco transaction is less desirable now. \u201cDue to unforeseen circumstances in the energy market and the Covid-19 situation, the deal has not progressed according to the original timeline,\u201d Ambani, chairman and managing director for RIL, informed shareholders on Wednesday. The billionaire punctuated his remarks on the deal saying \u201cour equity requirements have already been met\u201d. A year ago, in August, when Ambani first announced Saudi Aramco\u2019s intent to invest in RIL\u2019s oil to chemicals (O2C) business, the deal was crucial [&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-363205","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\/363205","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=363205"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363205\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}