SERIAL YE RISHTE HAIN PYAAR K O LOCATION | Editorji Hindi
  1. home
  2. > एंटरटेनमेंट
  3. > ये रिश्तें हैं प्यार के: घर में हो रहा है निशांत का जोरदार स्वागत
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0
--

RIL's stake sale to Aramco is credit positive: Moody's

Aug 14, 2019 17:02 IST

Rating agency Moody's on Wednesday said that Reliance Industries' announcement to sell 20% stake in oil and chemical business to Saudi Aramco is credit positive and will reduce the company's net leverage. Chairman Mukesh Ambani on Monday said the deal with Aramco will be at an enterprise value of $75 billion and the petrochemical giant will also enter into a deal with BP to sell 49 percent stake in its fuel marketing business in India for $1 billion. Both deals are expected to reduce the company's debt by $16 billion.