Ambani had in August last year announced that the deal with Aramco will close by March 2020 but it is now expected to close within the current calendar year
For the December 2019 ended quarter, RIL turned free cash flow (FCF) positive, a reversal that most brokerage firms welcomed
The deal, aimed at cutting its massive debt and secure an assured supply of crude oil to its refineries, was expected to be closed by March 31, 2020
The world's most profitable company extended declines on Monday after dropping to its lowest closing price yet a day earlier.
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Government's demand for pending dues may delay company's plan to reduce debt
BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest
The Delhi high court ordered RIL and BG Exploration and Production India Ltd, a unit of Shell India, to disclose their assets after the Centre sought to restrain the companies from disposing them
In a counter affidavit, it said it was a 'falsehood' that the arbitration tribunal had passed an award requiring the company and its partners to pay $3.5 billion to the government
RIL maintained that except as quantified by the tribunal, no amount can be said to be payable at this stage
Saudi Arabia's main index, in which Aramco is the second-biggest member, ended slightly higher
Delhi HC order in PMT arbitration matter could delay stake sale to Aramco
The demand was made in an ongoing court case against Reliance Industries and British Gas, report says.
Shares ended 2.8 per cent lower at 36.70 riyals in Riyadh, giving the company a total value of $1.96 trillion
Aramco has sold a 1.5 per cent share to mostly Saudi investors and local Saudi and Gulf-based funds
Aramco raised $25.6 billion in the biggest-ever IPO, selling shares at 32 riyals each and valuing the company at $1.7 trillion.
Over the decades, the firm has grown into the world's largest and most profitable energy concern, generating some 10 percent of global crude supplies and trillions of dollars in income
From bonus shares to a fat dividend, there's a lot to underpin the price, at least initially