Announced
Financials
Sources
Tags
Domestic
Single Bidder
Demerger
Private
Disposal
Pending
Friendly
Chemicals: Diversified
diversified chemicals
petrochemical products
India
Private Equity
Synopsis
Reliance Industries, an Indian multinational conglomerate company, is set to spin-off its oil-to-chemicals business into a separate entity. Financial terms were not disclosed. According to the plan, RIL’s oil-to-chemicals assets, including its refining, petrochemicals, fuel retail (majority interest only) and bulk wholesale marketing businesses, along with its assets and liabilities, will be transferred to a new unit. RIL said it has been exploring options to bring in strategic investors in the O2C business.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.