Monday,12 Aug 2019
On Monday, Chairman and Managing Director of Reliance Industries Ltd Mukesh Ambani said Saudi Aramco will invest $75 billion in the conglomerate and have a 20% stake in its chemical oil (O2C) business.
"This is Reliance's largest foreign investment and one of India's largest. Saudi Aramco's partnership to cover Reliance's refining and petrochemical assets, including 51 percent of the petroleum retail joint venture." He said.