Reliance's Ambani says working to complete Saudi Aramco deal

Reliance's Ambani says working to complete Saudi Aramco deal

Mukesh Ambani. Photographer: Simon Dawson/Bloomberg

Having already raised ₹1.15 lakh crore from global tech investors, including Facebook to make the company net debt-free, Reliance Industries chairman Mukesh Ambani said they are now working to complete contours of a $15-billion deal with Saudi Aramco. Announced in the oil-to-telecom conglomerate’s last year annual general meeting (AGM), the deal was to be concluded by March 2020 but has been delayed.

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