Reliance share news.

RIL today decided to re-evaluate the proposed Investment by Aramco in the oil-to-chemical (O2C) business in light of the Indian firm’s new energy forays. Hence, the application with NCLT for segregating O2C business from RIL is being withdrawn, the company said in a statement.

Back in August 2019, RIL and Saudi Aramco signed a letter of intent for the latter to potentially acquire a 20% stake in the Ambani-led firm.

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