Download free sample Order new solution

Principles of Economics

Introduction to Reliance Aramco Deal Analysis

Reliance industries are in talks to sell 20% of the shares of its oil-to-refinery section of its business to Saudi Arab’s state owned Aramco ltd. The deal has signaled a major shift in the decade long successful business model of reliance. The deal has been initially fixed at $75 billion which is around 5.3 lakh crore Indian rupees. The deal is fixed as to first five years the Aramco will have an economic interests in the stakes and after 5 years, the stakes will be transferred to the oil giant when this division will become a subsidiary of reliance India limited (Economictimes, 2019).

Reliance industries limited is an Indian multinational company headquartered in Mumbai, India. It works in multiple avenues as energy, textiles, petrochemicals, telecom, logistics, life sciences, renewable energy, infrastructure, natural resources, retail, textiles and it continues to acq....