{"id":412623,"date":"2021-04-29T08:50:48","date_gmt":"2021-04-29T03:20:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412623"},"modified":"2021-04-29T09:29:36","modified_gmt":"2021-04-29T03:59:36","slug":"reliance-saudi-aramco-discuss-cash-and-share-stake-deal-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-saudi-aramco-discuss-cash-and-share-stake-deal-report\/","title":{"rendered":"Reliance, Saudi Aramco discuss cash and share stake deal: Report"},"content":{"rendered":"<p>Billionaire Mukesh Ambani&#8217;s Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm.<\/p>\n<p>Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the oil-to-chemicals (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world&#8217;s largest oil exporter. <\/p>\n<p>The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.<\/p>\n<p>Financial Times quoting sources reported that the talks have been revived in recent weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Mukesh Ambani&#8217;s Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm. Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the oil-to-chemicals (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world&#8217;s largest oil exporter. The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company. Financial Times quoting sources reported that [&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-412623","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\/412623","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=412623"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412623\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}