{"id":451110,"date":"2021-11-22T11:15:13","date_gmt":"2021-11-22T05:45:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451110"},"modified":"2021-11-22T12:34:15","modified_gmt":"2021-11-22T07:04:15","slug":"ril-saudi-aramco-to-re-evaluate-proposed-investment-in-o2c","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-saudi-aramco-to-re-evaluate-proposed-investment-in-o2c\/","title":{"rendered":"RIL, Saudi Aramco to re-evaluate proposed investment in O2C"},"content":{"rendered":"<p>The deal between Reliance Industries (RIL) and Saudi Aramco for a 20 per cent stake acquisition by the Saudi firm in the oil to chemicals (O2C) business of RIL is now on the back burner.<\/p>\n<p>\u201cDue to evolving nature of Reliance\u2019s business portfolio, Reliance and Saudi 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. Consequently, the current application with National Company Law Tribunal (NCLT) for segregating the O2C business from RIL is being withdrawn,\u201d RIL said in a statement on Friday night.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The deal between Reliance Industries (RIL) and Saudi Aramco for a 20 per cent stake acquisition by the Saudi firm in the oil to chemicals (O2C) business of RIL is now on the back burner. \u201cDue to evolving nature of Reliance\u2019s business portfolio, Reliance and Saudi 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. Consequently, the current application with National Company Law Tribunal (NCLT) for segregating the O2C business from RIL is being withdrawn,\u201d RIL said in a statement on Friday night.<\/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":[130,211,144],"tags":[],"class_list":["post-451110","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451110","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=451110"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451110\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}