BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest
The Delhi high court ordered RIL and BG Exploration and Production India Ltd, a unit of Shell India, to disclose their assets after the Centre sought to restrain the companies from disposing them
In a counter affidavit, it said it was a 'falsehood' that the arbitration tribunal had passed an award requiring the company and its partners to pay $3.5 billion to the government
RIL maintained that except as quantified by the tribunal, no amount can be said to be payable at this stage
Saudi Arabia's main index, in which Aramco is the second-biggest member, ended slightly higher
Delhi HC order in PMT arbitration matter could delay stake sale to Aramco
The demand was made in an ongoing court case against Reliance Industries and British Gas, report says.
Shares ended 2.8 per cent lower at 36.70 riyals in Riyadh, giving the company a total value of $1.96 trillion
Aramco has sold a 1.5 per cent share to mostly Saudi investors and local Saudi and Gulf-based funds
Aramco raised $25.6 billion in the biggest-ever IPO, selling shares at 32 riyals each and valuing the company at $1.7 trillion.
Over the decades, the firm has grown into the world's largest and most profitable energy concern, generating some 10 percent of global crude supplies and trillions of dollars in income
From bonus shares to a fat dividend, there's a lot to underpin the price, at least initially
Aramco's journey from private to public company was an unwieldy and at times fractious deal-making process
The state-owned oil giant set the final price of its shares at $8.53, valuing the world's most profitable company at $1.7 trillion
The listing, expected later this month on the Riyadh stock exchange, is a far cry from the blockbuster debut originally envisaged by the Crown Prince
Aramco alone will be enough to move HSBC up two spots to 10th place on the main league table tracking stock offerings in EMEA
A final pricing decision will be taken later on Wednesday by an executive committee overseeing the IPO that includes top government officials, Aramco executives and bankers
The Gulf energy giant has discussed pricing its IPO shares at 32 riyals apiece, after marketing them at 30 to 32 riyals each,
Although the IPO has received more than enough bids, the level of interest so far is relatively muted compared with other emerging market IPOs
The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion