Adani Group exploring partnerships with Saudi Aramco: Report

The group, led by Gautam Adani, has reportedly held preliminary talks on a range of potential cooperation and joint investment opportunities with Saudi Aramco and the country's Public Investment Fund

Indian conglomerate Adani Group is exploring potential partnerships in Saudi Arabia, including the possibility of buying a stake in the world’s largest oil exporter, people with knowledge of the matter said.

The group, led by Gautam Adani, has held preliminary talks on a range of potential cooperation and joint investment opportunities with Saudi Aramco and the country’s Public Investment Fund, according to the people. It has discussed the idea of buying part of the PIF’s stake in Aramco, the people said.

While Adani is unlikely to shell out billions of dollars in cash for Aramco stock, at least in the