{"id":412805,"date":"2021-04-30T08:37:49","date_gmt":"2021-04-30T03:07:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412805"},"modified":"2021-04-30T09:14:56","modified_gmt":"2021-04-30T03:44:56","slug":"ril-gains-2-on-report-co-discusses-stake-sale-with-aramco-up-7-this-week","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-gains-2-on-report-co-discusses-stake-sale-with-aramco-up-7-this-week\/","title":{"rendered":"RIL gains 2% on report co discusses stake sale with Aramco; up 7% this week"},"content":{"rendered":"<p>Reliance Industries shares advanced 2.4 per cent in the intra-day deals on Thursday to hit a high of Rs 2,045 apiece on the BSE after a report suggested that the Mukesh Ambani controlled company has 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>&#8220;Aramco is weighing paying for the stake with its shares initially and then staggered cash payments over several years&#8230; The proportion of shares versus cash was still up for debate and terms had yet to be finalised,&#8221; said a report by Financial Times. <\/p>\n<p>The report comes soon after Saudi Arabia&#8217;s Crown Prince Mohammed bin Salman late on Tuesday hinted at talks to sell a minority stake in the Saudi national oil company to a foreign investor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries shares advanced 2.4 per cent in the intra-day deals on Thursday to hit a high of Rs 2,045 apiece on the BSE after a report suggested that the Mukesh Ambani controlled company has 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. &#8220;Aramco is weighing paying for the stake with its shares initially and then staggered cash payments over several years&#8230; The proportion of shares versus cash was still up for debate and terms had yet to be finalised,&#8221; said a [&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-412805","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\/412805","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=412805"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412805\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}