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Mukesh Ambani-led Reliance Industries has announced a business rejig as it hives off its&nbsp;Oil-to-Chemicals (O2C) into a&nbsp;subsidiary that will be managed 100% by RIL. The oil-to-chemicals segment contributed 60% to the company's revenue last fiscal.
The O2C company will be set up with a&nbsp;$25 billion loan from the parent and will house&nbsp;its refining, marketing, and petrochemical assets&nbsp;that amount close to $40 billion.&nbsp;RIL will retain New Energy and New Materials businesses.
Analysts believe hiving off this unit makes it easier for the proposed Aramco deal. Ambani in the&nbsp;annual report had said both RIL and Saudi Aramco were in talks of arriving at a deal that had been paused due to the pandemic.

Reliance rejigs business, gears for Aramco deal

&nbsp;
RIL Hives Off Oil-To-Chemicals Business&nbsp; Oil-To-Chemicals Biz To Get $25 Bn Loan From RIL&nbsp; RIL To Retain 100% Management of O2C Biz&nbsp; Analysts Expect This To Be A Pre-Cursor To Aramco Deal

Mukesh Ambani-led Reliance Industries has announced a business rejig as it hives off its&nbsp;Oil-to-Chemicals (O2C) into a&nbsp;subsidiary that will be managed 100% by RIL. The oil-to-chemicals segment contributed 60% to the company's revenue last fiscal.
The O2C company will be set up with a&nbsp;$25 billion loan from the parent and will house&nbsp;its refining, marketing, and petrochemical assets&nbsp;that amount close to $40 billion.&nbsp;RIL will retain New Energy and New Materials businesses.
Analysts believe hiving off this unit makes it easier for the proposed Aramco deal. Ambani in the&nbsp;annual report had said both RIL and Saudi Aramco were in talks of arriving at a deal that had been paused due to the pandemic.

After Hamleys, Mukesh Ambani eyes struggling UK retailer Debenhams 

Mukesh&nbsp;Ambani-led Reliance Industries Ltd&nbsp;has reportedly joined the race to snap up British multi-retail chain Debenhams, according to a Sky News report.
Ambani's&nbsp;oil-to-retail conglomerate&nbsp;bought British toy chain Hamleys&nbsp;earlier this year and is now in talks to either partially or completely buy the 242-year-old Debenhams, the Sky News report said.&nbsp;
Reliance group's 'participation in the Debenhams sale process may ultimately involve only bidding for a part of the British department store chain's assets,' the report further added.&nbsp;
Debenhams, that runs franchise stores selling clothing, beauty products, furniture and more, filed for administration in April 2020 and is currently owned by a consortium of lenders.&nbsp;

Mukesh&nbsp;Ambani's&nbsp;RIL&nbsp;joins race to buy UK retailer Debenhams: report
Ambani&nbsp;acquired British toy chain Hamleys&nbsp;earlier this year&nbsp;
Now in talks to partially or fully buy 242-year-old Debenhams&nbsp;
Franchise retailer Debenhams&nbsp;filed for administration&nbsp;in April 2020
&nbsp;

Mukesh&nbsp;Ambani-led Reliance Industries Ltd&nbsp;has reportedly joined the race to snap up British multi-retail chain Debenhams, according to a Sky News report.
Ambani's&nbsp;oil-to-retail conglomerate&nbsp;bought British toy chain Hamleys&nbsp;earlier this year and is now in talks to either partially or completely buy the 242-year-old Debenhams, the Sky News report said.&nbsp;
Reliance group's 'participation in the Debenhams sale process may ultimately involve only bidding for a part of the British department store chain's assets,' the report further added.&nbsp;
Debenhams, that runs franchise stores selling clothing, beauty products, furniture and more, filed for administration in April 2020 and is currently owned by a consortium of lenders.&nbsp;

Silver Lake may invest $1 billion in Reliance Retail: Reports

Private equity firm Silver Lake Partners is in talks to invest $1 billion in Reliance Industries retail arm, the Financial Times reported.
The investment, which would value&nbsp;Reliance Retail&nbsp;at about $57 billion, comes as the company is aiming to sell about 10% in new shares, the report added.
Mukesh&nbsp;Ambani-led&nbsp;RIL has raised more than $20 billion from global investors&nbsp;by selling stakes in its Jio Platforms digital business and has said it aims to attract investors to&nbsp;Reliance Retail&nbsp;over the next few quarters.

Private equity firm Silver Lake Partners is in talks to invest $1 billion in Reliance Industries retail arm, the Financial Times reported.
The investment, which would value&nbsp;Reliance Retail&nbsp;at about $57 billion, comes as the company is aiming to sell about 10% in new shares, the report added.
Mukesh&nbsp;Ambani-led&nbsp;RIL has raised more than $20 billion from global investors&nbsp;by selling stakes in its Jio Platforms digital business and has said it aims to attract investors to&nbsp;Reliance Retail&nbsp;over the next few quarters.

Private equity firm Silver Lake Partners is in talks to invest $1 billion in Reliance Industries retail arm, the Financial Times reported.
The investment, which would value&nbsp;Reliance Retail&nbsp;at about $57 billion, comes as the company is aiming to sell about 10% in new shares, the report added.
Mukesh&nbsp;Ambani's&nbsp;RIL has raised more than $20 billion from global investors&nbsp;by selling stakes in its Jio Platforms digital business and has said it aims to attract investors to&nbsp;Reliance Retail&nbsp;over the next few quarters.

mukesh

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