Reliance, Saudi Aramco accelerate refinery stake sale talks
- Aramco officials and bankers on the deal have been working at Reliance’s offices in Mumbai for due diligence this month, people familiar with the matter said
- Reliance is keen to sign a binding agreement before the next annual shareholders meeting, which is due to take place before the end of Sept
SINGAPORE/LONDON : Reliance Industries Ltd.’s talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent weeks, according to people familiar with the matter.
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