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Mukesh Ambani, president of Reliance Industries in Mumbai
MUMBAI (Reuters) – Indian companies Reliance Industries are selling a 20% stake in its oil-to-chemicals business to Saudi Aramco in one of the country's largest foreign investments, President Mukesh Ambani said Monday. .
"This is the largest foreign investment in the history of Reliance," Ambani told the company's annual general meeting in Mumbai, the country's financial capital.
"It is also one of the largest foreign investments ever made in India," he said, adding that the operation valued activity at $ 75 billion. , including debt.
Ambani said the partnership would include all of Reliance's refining and petrochemical badets.
Prepared by Moataz Mohamed for the Arab Bulletin
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