• search

No decision yet on international tie-ups: RIL

Written by: Staff

New Delhi, Apr 3 (UNI) Reliance Industries Limited (RIL) today said no decision has been made yet on the international equity tie-up with Reliance Petroleum, but added that the industrial giant is in discussions with several global players in this regard.

In a statement, RIL said these discussions cover several proposals, inlcluding tie-ups on technical support, supply of crude oil/raw material, purchase of finished goods etc.

''Some industry majors have also shown interest in minority stake in RPL either through fresh issue of equity shares by RPL or through sale of part of RPL equity shares held by RIL,.'' the statement said.

All these propsals are under discussion and RIL/RPL will make necessary disclosures and seek regulators approvals if recquired.

The statement assumes significance after reports that Chevron and other US oil companies have shown keen interest in sharing a slice of RPL.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more