Reliance Still Seeks Downstream Investment Partners

摘要

Reliance Industries has plenty of cash these days but it is still seeking strategic partners and investor capital for its oil-to-chemicals business as it seeks to achieve net-zero carbon emissions by 2035 (IOD Feb.23'21). The Indian conglomerate raised $36 billion in the financial year ended Mar. 31 through a rights issue of shares to existing shareholders and the sale of stakes in its Jio digital services unit and its retail business.