{"id":401697,"date":"2021-02-23T11:23:38","date_gmt":"2021-02-23T05:53:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401697"},"modified":"2021-02-23T11:23:38","modified_gmt":"2021-02-23T05:53:38","slug":"ril-rises-on-initiating-o2c-biz-spin-off","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-rises-on-initiating-o2c-biz-spin-off\/","title":{"rendered":"RIL rises on initiating O2C biz spin-off"},"content":{"rendered":"<p>Reliance Industries gained 1.4% to Rs 2035.65 after the conglomerate on Monday announced the demerger of its oil-to-chemicals (O2C) business into a wholly-owned subsidiary.<\/p>\n<p>RIL said it has initiated the process of carving-out O2C business into an independent subsidiary. The company said the reorganization would enable a focused pursuit of opportunities across the O2C value chain, improved efficiencies through a self-sustaining capital structure. Reorganisation of O2C business facilitates participation by strategic investors and marquee sector focused investors, it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries gained 1.4% to Rs 2035.65 after the conglomerate on Monday announced the demerger of its oil-to-chemicals (O2C) business into a wholly-owned subsidiary. RIL said it has initiated the process of carving-out O2C business into an independent subsidiary. The company said the reorganization would enable a focused pursuit of opportunities across the O2C value chain, improved efficiencies through a self-sustaining capital structure. Reorganisation of O2C business facilitates participation by strategic investors and marquee sector focused investors, it added.<\/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":[135,130,169],"tags":[],"class_list":["post-401697","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\/401697","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=401697"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401697\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}