RIL finalising O2C hiveoff as Aramco talks back on track

As per the scheme of arrangement, RIL’s oil-to-chemicals business consisting of its refining and petrochemicals assets, fuel retail (51 per cent in a JV with BP) and bulk wholesale marketing businesses will get hived off into a step-down subsidiary, to be initially wholly owned by RIL.

https://ift.tt/3u8Rj9U