(RIL) says that its board has approved a merger with the company's Reliance Petroleum Ltd. (RPL) subsidiary, subject to approvals. The merger will create the world's fifth-largest producer of polypropylene (PP), RIL says.DEEPTI RAMESH...
Gujarat State Petroleum Corporation is an entity in the exploration, development, and production of oil and gas within the energy sector. The company is involved in hydrocarbon exploration, natural gas procurement, and the development of city gas distribution networks. It also engages in power genera...
74,864 crore (US$118.6 billion), cash profit Rs 1,25,951 crore (US$ 15.3 billion) and net profit of Rs 73,670 crore (US$9.0 billion) for the year ended March 31, 2023. Reliance’s activities span hydrocarbon exploration and production,...
The article reports on the negotiation between Reliance Industries Ltd. (RIL) and British oil firm BP to purchase its 610,000-tonne purified terephthalic acid (PTA) plant in Malaysia.EBSCO_bspPopular Plastics & Packaging
The article focuses on issues related to the equity market in Asia Pacific as of April 2006. An initial public offering (IPO) has been launched by Reliance Petroleum in India. Rolta India has raised $90 million by issuing global depository receipts. The arrangers of the convertible bond ...
The article reports on the launch of the project financing for Indian oil firm Reliance Petroleum by banks on August 11, 2006. The banks aim to allocate $75 million for the construction of Reliance's oil refinery at the Jamnagar complex. Reliance Industries refused to guarantee the loan but ...
The article reports on the three-part initial public offering launched by Reliance Petroleum in April 2006. The company sold 450 million shares in a global bookbuild at Rp60 a share. The transaction has raised an institutional sale worth Rp54 billion. DSP Merrill Lynch and JM Morgan Stanley ...
The article reports on the syndicated loan offered by Reliance Petroleum for its oil refinery at Jamnagar, India. 14 banks have expressed their interests for the loan, which have been asked to provide underwriting commitments of $150 million. Lenders of the limited recourse loan will be repaid ...
The article reports on the equity shares sold by India's Reliance Industries in its Reliance Petroleum subsidiary. The sale reduces Reliance Industries' stake to 71%. Reliance had previously sold 20% of the company in May 2006 during an initial public offering (IPO). U.S. oil major Chevron...
THE Boards of Directors of Reliance Industries Limited (RIL) and Reliance Petroleum Limited (RPL)recently unanimously approved RPL's merger with RIL, subject to necessary approvals. The exchange ratio recommended by both boards is 1 (one) share of RIL for every 16 (sixteen) shares of RPL. ...