{"id":408691,"date":"2021-04-03T08:56:55","date_gmt":"2021-04-03T03:26:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408691"},"modified":"2021-04-03T09:43:43","modified_gmt":"2021-04-03T04:13:43","slug":"99-99-ril-shareholders-cast-votes-in-favour-of-o2c-biz-demerger","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/99-99-ril-shareholders-cast-votes-in-favour-of-o2c-biz-demerger\/","title":{"rendered":"99.99% RIL shareholders cast votes in favour of O2C biz demerger"},"content":{"rendered":"<p>With shareholders and creditors of Mukesh Ambani-led Reliance Industries (RIL) voting in favour of the demerger of its oil-to-chemicals (O2C) business, brokerages said the company could detail a new business plan in line with its vision for carbon neutrality and green chemical initiatives.<\/p>\n<p>With the O2C business outlook on the mend, the Street is also looking forward to news on RIL\u2019s proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco. <\/p>\n<p>\u201cThis O2C business of RIL generates a lot of cash and hence, it will be interesting to see where and how the company plans to invest with a long-term horizon of at least a decade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With shareholders and creditors of Mukesh Ambani-led Reliance Industries (RIL) voting in favour of the demerger of its oil-to-chemicals (O2C) business, brokerages said the company could detail a new business plan in line with its vision for carbon neutrality and green chemical initiatives. With the O2C business outlook on the mend, the Street is also looking forward to news on RIL\u2019s proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco. \u201cThis O2C business of RIL generates a lot of cash and hence, it will be interesting to see where 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-408691","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\/408691","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=408691"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408691\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}