Reliance Industries (RIL) will transfer its oil-to-chemicals (O2C) operations to a wholly owned subsidiary for a $25-billion loan, besides $12-billion equity. Consideration for the transfer of the O2C assets, which includes the operating team and 12 manufacturing facilities, will be funded by a $25-billion loan from the parent, the company said in a presentation filed with the stock exchanges.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NylAhW
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