{"id":408764,"date":"2021-04-03T10:34:10","date_gmt":"2021-04-03T05:04:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408764"},"modified":"2021-04-03T10:34:10","modified_gmt":"2021-04-03T05:04:10","slug":"reliance-industries-gets-shareholders-creditors-ok-for-hiving-off-o2c-business-into-separate-entity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-gets-shareholders-creditors-ok-for-hiving-off-o2c-business-into-separate-entity\/","title":{"rendered":"Reliance Industries gets shareholders, creditors OK for hiving off O2C business into separate entity"},"content":{"rendered":"<p>Reliance Industries has received the approval of its shareholders and creditors for hiving off its oil-to-chemical (O2C) business into an independent subsidiary, the billionaire-Mukesh Ambani led conglomerate informed the bourses on Friday.<\/p>\n<p>Last month, RIL NSE 0.94 % rolled out a plan to hive off its O2C business via a slump sale of assets into a separate entity, which would allow the company to monetise the business by strategic stake sale in the new company. It had also affirmed talks with Saudi Aramco on a stake sale in the business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries has received the approval of its shareholders and creditors for hiving off its oil-to-chemical (O2C) business into an independent subsidiary, the billionaire-Mukesh Ambani led conglomerate informed the bourses on Friday. Last month, RIL NSE 0.94 % rolled out a plan to hive off its O2C business via a slump sale of assets into a separate entity, which would allow the company to monetise the business by strategic stake sale in the new company. It had also affirmed talks with Saudi Aramco on a stake sale in the business.<\/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-408764","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\/408764","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=408764"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408764\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}