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.
Related Posts
Congress (finally) passed new stimulus checks — here’s when to expect yours
Invest in Best Mining Pool Invest in Bitcoin Now How to invest in crypto?
January 1, 2021
After strong Q3 results, will the top IT stocks sustain high valuations?
A spate of large deal wins amid higher operating margins improves the revenue and profit visibility, which should…
January 14, 2021
Large stressed book rekindle concerns over YES Bank
Macquarie analyst Suresh Ganapathy pointed out that total stressed loans and loans overdue for more than 30 days…
January 26, 2021
14,900-15,100 to decide if Nifty falls or rises
On the weekly chart, the index has formed a bearish candle and has closed below the previous week’s…
February 22, 2021