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Reliance sells stakes in Cambay Basin block
July 29, 2018
Source: Business Standard

Reliance sells stakes in Cambay Basin block

Reliance Industries sold off its interest in a Cambay Basin block (CB-10) in a sell and purchase agreement (SPA) to Sun Petrochemicals. Sun Petro will acquire the 70% stake owned by Reliance Industries, in an undisclosed amount, with the remaining held by BP. The exit from conventional oil and gas blocks is part of Reliance’s portfolio rationalisation strategy.

   Read More About : India Mergers and Acquisitions UPSTREAM Oil and Gas RIL
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