Aramco in talks to acquire 25% stake in Reliance refining businesses

Aramco in talks to acquire 25% stake in Reliance refining businesses: World's largest oil producer Saudi Aramco is in “serious discussions” to acquire a 25 percent stake in the refining and petrochemical businesses of Reliance Industries. The stake could be worth up to $15 billion, valuing the Mukesh Ambani-led company's refining and petrochemicals businesses at $60 billion, reports said. Ambani recently travelled to Saudi to meet Aramco CEO Amin Nasser.

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