Reliance's Stake Sale Talks With Saudi Aramco Stalled Over Valuation: Report

Talks about the sale of a 20 per cent stake in Reliance Industries Ltd's (RIL) oil-to-chemical business to Saudi Aramco have stalled over the valuation, as the energy market has been hit by the COVID-19 pandemic, news agency Reuters reported on Thursday, quoting four sources familiar with the matter. Saudi Aramco wants Reliance Industries to review its price for the oil-to-chemical business as the global valuation of oil assets has t...