RIL's oil-to-chemical business has revenues of over ₹5 lakh crore
The deal is subject to regulatory approvals
Mumbai: Reliance Industries chairman and managing director Mukesh Ambani on Monday announced a deal with Saudi Aramco, terming it India's largest foreign direct investment till date. As part of the deal, Saudi Aramco will acquire a 20% stake in RIL's oil-to-chemicals (OTC) or refining and petrochemicals business at an enterprise value of $75 billion.
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