Ambani and Armaco are back at the discussion table to negotiate cash, share-swap deal for 20% stake in RIL’s energy operations as per reports.
Financial Times reports the Saudi Kingdom was weighing paying for the deal with Saudi Aramco’s shares at first and then staggered cash payments over several years as per unnamed sources.
The world’s biggest oil company Saudi Aramco had made a public statement that they are looking to sell 1% stake to a global energy firm earlier this week. Reliance has already set the stage as it demerged its oil-to-chemical business as a separate subsidiary in which Aramco is expected to pick up stake.