{"id":363208,"date":"2020-07-17T10:22:00","date_gmt":"2020-07-17T04:52:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363208"},"modified":"2020-07-17T10:42:34","modified_gmt":"2020-07-17T05:12:34","slug":"reliances-20-stake-sale-to-saudi-aramco-stalled-over-valuation-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliances-20-stake-sale-to-saudi-aramco-stalled-over-valuation-report\/","title":{"rendered":"Reliance&#8217;s 20% stake sale to Saudi Aramco stalled over valuation: Report"},"content":{"rendered":"<p>Talks about selling a 20 per cent stake in Reliance Industries Ltd&#8217;s oil-to-chemical business to Saudi Aramco have stalled over the valuation, four sources familiar with the matter said, as the energy market has been hit by Covid-19. <\/p>\n<p>Aramco wants India&#8217;s Reliance to review its price for the oil-to-chemical business as the global valuation of oil assets has tumbled due to falling demand for crude, one source said. <\/p>\n<p>A second source said Aramco wanted to &#8220;revisit&#8221; the valuation. <\/p>\n<p>Reliance Chairman Mukesh Ambani told shareholders on Wednesday a deal had been delayed due to &#8220;unforeseen circumstances in the energy market and the Covid-19 situation&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talks about selling a 20 per cent stake in Reliance Industries Ltd&#8217;s oil-to-chemical business to Saudi Aramco have stalled over the valuation, four sources familiar with the matter said, as the energy market has been hit by Covid-19. Aramco wants India&#8217;s Reliance to review its price for the oil-to-chemical business as the global valuation of oil assets has tumbled due to falling demand for crude, one source said. A second source said Aramco wanted to &#8220;revisit&#8221; the valuation. Reliance Chairman Mukesh Ambani told shareholders on Wednesday a deal had been delayed due to &#8220;unforeseen circumstances in the energy market and [&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-363208","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\/363208","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=363208"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363208\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}