India: Reliance  may slice up oil-to-chemicals business to induct new investors

India: Reliance  may slice up oil-to-chemicals business to induct new investors

REUTERS/Amit Dave

Reliance Industries Ltd (RIL) may hive off parts of its oils-to-chemicals division to make it easier to induct investors and unlock value after it scrapped a plan to sell a $15 billion stake in the business to Saudi Aramco, according to two officials aware of the development.

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