ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Energy

Reliance challenges move to block stake sale to Saudi Aramco

Government seeks to halt deal amid revenue-sharing dispute

According to the latest petition from the government, Reliance is seeking to sell stake in the refining and petrochemicals business to pare its $41 billion of debt, after which it may be difficult to get the dues it owes the government.   © Reuters

MUMBAI (NewsRise) -- Reliance Industries challenged a government court petition that sought to block the oil-to-chemical giant's move to sell a 20% stake to Saudi Aramco over an ongoing revenue-sharing dispute, saying no tribunal has issued a final liability on the company.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more