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Fortune 500 India: RIL's consumer bet

Mukesh Ambani has expanded the Reliance empire by betting big on telecom and retail. ....

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Stocks see biggest decline in 7 months as sell-off resumes

Shelving of RIL-Aramco deal, repeal of farm laws, sliding Paytm shares send investors into a tizzy ....

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Saudi Aramco Reliance Deal: Saudi Aramco is in advanced talks on up to $25 billion Reliance deal

A representative for Reliance said the company does not have anything to add beyond Ambanis comments at the shareholders meeting in June, when the conglomerate appointed Aramco Chairman Yasir Al-Rumayyan to the board. Ambani had said Reliance could finalize an investment deal with the oil producer this year. ....

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RIL gains 2% on report co discusses stake sale with Aramco; up 7% this week

Reliance Industries shares advanced 2.4 per cent in the intra-day deals on Thursday to hit a high of Rs 2,045 apiece on the BSE after a report suggested that the Mukesh Ambani controlled company has held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm.
Aramco is weighing paying for the stake with its shares initially and then staggered cash payments over several years. The proportion of shares versus cash was still up for debate and terms had yet to be finalised, said a report by Financial Times. ....

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