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To Spin Off O2C Business; Saudi Aramco Deal Not Progressed As Per Timeline
Mukesh Ambani in his 43rd AGM announced that it will approach the NCLT for spinning off its O2C business.
And the targeted timeline for the achievement of this mission is as early as 2021.
This is in a bid to induct multiple investors as part of private investment.
Ambani says the company has been approached by global companies for strategic partnerships with the petrochemicals business. Potential partnerships will help build competitive manufacturing capabilities.
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