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Reliance Explores Stake in Rosneft's Nayara Energy
Hindustan Times Jammu
|June 30, 2025
Nayara Energy operates a 20-million tonnes-a-year oil refinery in India
NEW DELHI: Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13% stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, people familiar with the matter said.
Reliance has held preliminary talks for acquisition of Nayara, which will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No. 1 oil refiner as well as give a meaningful presence in the fuel marketing space.
But the talks are at a preliminary stage and there is no guarantee that they may lead to a definite deal as valuation remains a sticky ground, three people with direct knowledge of the matter said.
यह कहानी Hindustan Times Jammu के June 30, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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