You might have heard the same news in 2002 about Mr. Ambani is merging RPL and RIL.
Well, the same is happening again. Why is something nobody is interested in asking, for the reason is pretty much clear. The tax soaps and a lower price in the market are two major reasons to get things moving quickly.
The board is meeting on March 2nd to decide on how to do that. Chevron’s 5pc stake in the refiner would be bought out at the same price Chevron bought them in April last year.
This could help Reliance to gain a place among the world’s top refiners.