{"id":401840,"date":"2021-02-24T11:27:47","date_gmt":"2021-02-24T05:57:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401840"},"modified":"2021-02-24T11:27:47","modified_gmt":"2021-02-24T05:57:47","slug":"ril-hives-off-oil-to-chemicals-biz","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-hives-off-oil-to-chemicals-biz\/","title":{"rendered":"RIL hives off oil-to-chemicals biz"},"content":{"rendered":"<p>Mumbai: Reliance Industries (RIL NSE 1.22 %) will transfer its oil-to-chemicals (O2C) operations to a wholly owned subsidiary for a $25-billion loan, besides $12-billion equity. Consideration for the transfer of the O2C assets, which includes the operating team and 12 manufacturing facilities, will be funded by a $25-billion loan from the parent, the company said in a presentation filed with the stock exchanges.<\/p>\n<p>The interest-bearing loan from RIL to the O2C company will be an \u201cefficient mechanism to upstream cash, including any potential capital receipts in the unit\u201d, it said. Carving out the O2C operations into an independent entity will make it easier for RIL to bring in external investors. It had earlier explored a different structure, but India\u2019s securities market rules did not permit such a scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Reliance Industries (RIL NSE 1.22 %) will transfer its oil-to-chemicals (O2C) operations to a wholly owned subsidiary for a $25-billion loan, besides $12-billion equity. Consideration for the transfer of the O2C assets, which includes the operating team and 12 manufacturing facilities, will be funded by a $25-billion loan from the parent, the company said in a presentation filed with the stock exchanges. The interest-bearing loan from RIL to the O2C company will be an \u201cefficient mechanism to upstream cash, including any potential capital receipts in the unit\u201d, it said. Carving out the O2C operations into an independent entity will [&hellip;]<\/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-401840","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\/401840","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=401840"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401840\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}