05-March-2021
Corporate News
 
RIL announces O2C biz demerger ahead of Aramco deal
23-Feb-2021

Reliance Industries announced the contours of its demerger of its O2C (oil-to-chemicals) business into a wholly-owned subsidiary, in order to attract global investors like Saudi Aramco and sought shareholder and creditor approval. In a late night notification to the exchanges, RIL said the reorganisation will enable focused pursuit of opportunities across O2C value chain, improve efficiencies through self-sustaining capital structure and dedicated management team attract dedicated pools of investor capital.

News Source:- https://economictimes.indiatimes.com/industry/energy/oil-gas/ril-announces-o2c-biz-demerger-ahead-of-aramco-deal/articleshow/81162586.cms