Reliance, Aramco accelerate talks on refinery stake sale

Reliance, Aramco accelerate talks on refinery stake sale

Reliance Industries Ltd.'s talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent weeks, according to reports.. Reliance in August valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake..