Reliance Industries Ltd’s (RIL) oil-to-chemical (O2C) business will be spun-off into an independent 100 percent subsidiary, which will constitute the refining, petrochemical and fuel retailing businesses. Post reorganisation, Reliance will continue with management control.

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Watch the accompanying video of CNBC-TV18’s Prashant Nair for more details.

Disclosure:

Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

(Edited by : Ajay Vaishnav)

First Published:Feb 23, 2021 12:01 PM IST