Two UBS bankers backed the creation of an illegal offshore investment vehicle to allow Indian billionaire Anil Ambani to invest in India stocks, UK market & financial services regulator told…
Tags: India Share market, India Shares
Reliance
It seems that the allegation of “gold plating” on Reliance Industries over its KG-D6 gas field had once again sparked the long running controversy surrounding the malicious smear campaign being done by private lobbyists.
While the Company maintaine…
Tags: India Share market, India Shares
Three months back, in February, Reliance had decided to enter into a deal with BP in which Reliance agreed to sell its stake in 23 of its oil and natural gas blocks, including some in the KG basin to BO for USD 7.2 billion. It is expected that Reliance would be benefited from BP’s deepwater exploration expertise.
Tags: India Share market, India Shares
Posted on February 21st, 2011 in BP, Company Updates, Energy Sector, India, India Shares, Reliance, United Kingdom
On Monday, Mukesh Ambani-led Reliance Industries (RIL) has said that London-based global energy major BP will buy a 30-percent stake in RIL. It will take control of its 23 oil and gas blocks for a huge sum of $7.2 billion.
Ambani and Robert Dudley, the chief executive of BP Group, formerly called British Petroleum has signed this deal in London.
This agreement will constitute one of the largest sole foreign through investment proposals for India.
Tags: India Share market, India Shares
