Reliance Chairman Mukesh Ambani told shareholders on Wednesday it had been delayed due to "unforeseen circumstances in the energy market and the COVID-19 situation".
NEW DELHI/LONDON/DUBAI: Talks over the sale of a 20% stake in Reliance Industries Ltd's oil-to-chemical business to Saudi Aramco have stalled over price, four sources familiar with the matter said.
With the energy market hit by falling demand for crude due to COVID-19, Aramco wants the Indian conglomerate to review the $15 billion it agreed to sell the stake for last year, the sources told Reuters.
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