{"id":450812,"date":"2021-11-20T10:46:40","date_gmt":"2021-11-20T05:16:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=450812"},"modified":"2021-11-20T11:53:40","modified_gmt":"2021-11-20T06:23:40","slug":"with-focus-on-new-energy-biz-ril-aramco-to-re-evaluate-o2c-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/with-focus-on-new-energy-biz-ril-aramco-to-re-evaluate-o2c-deal\/","title":{"rendered":"With focus on new energy biz, RIL, Aramco to \u2018re-evaluate\u2019 O2C deal"},"content":{"rendered":"<p>Reliance Industries Ltd (RIL) and Saudi Aramco have decided to drop the latter\u2019s mega plan to acquire 20 per cent stake in RIL\u2019s oil-to-chemical business \u201cin light of the changed context\u201d.<\/p>\n<p>\u201cThe current application with NCLT for segregating the O2C business from RIL is being withdrawn,\u201d RIL said in a late-night announcement on Friday.<\/p>\n<p>\u201cRIL and Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business in light of the changed context,\u201d RIL said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd (RIL) and Saudi Aramco have decided to drop the latter\u2019s mega plan to acquire 20 per cent stake in RIL\u2019s oil-to-chemical business \u201cin light of the changed context\u201d. \u201cThe current application with NCLT for segregating the O2C business from RIL is being withdrawn,\u201d RIL said in a late-night announcement on Friday. \u201cRIL and Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business in light of the changed context,\u201d RIL said.<\/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":[130],"tags":[],"class_list":["post-450812","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450812","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=450812"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450812\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=450812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=450812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=450812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}