Reliance, Aramco talks on refinery stake sale said to have come to halt

Reliance, Aramco talks on refinery stake sale said to have come to halt

Mukesh Ambani. Photographer: Simon Dawson/Bloomberg

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd.’s talks to sell a minority stake in its refinery business to Saudi Arabian Oil Co. have stalled on differences over the deal’s structure, people with knowledge of the matter said.

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