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Ambani's Reliance to turn into a holding company after Aramco deal
short by Krishna Veera Vanamali / on 14 Aug 2019,Wednesday
Mukesh Ambani's Reliance Industries will turn into a holding company with only domestic oil and gas exploration arm left in its standalone business. All other units — telecom, retail, and media — would be held through structures similar to subsidiaries. Reliance plans to move refining and petrochemical assets to a new subsidiary, in which Aramco will hold a 20% stake.
short by Krishna Veera Vanamali / 03:36 pm on 14 Aug
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