Indian govt trying to stop Reliance Industries from selling assets, says report - watsupptoday.com
Indian govt trying to stop Reliance Industries from selling assets, says report
Posted 22 Dec 2019 02:11 PM

Image Source: PRINT

The Indian government is trying to stop Reliance Industries Ltd. from paring its assets including a plan to sell a 20% stake to Saudi Aramco, the Times of India reported.

The demand was made in an ongoing court case against Reliance Industries and British Gas, the paper said. The government has sought to prevent the two companies from selling their assets, and honoring a $4.5 billion international arbitration award in a production-sharing dispute over the Panna-Mukta and Tapti fields, it said.

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