Reliance Industries to sell its entire stake in Cambay Basin to Sun Petrochemicals, says report
Updated : July 30, 2018 09:59 AM IST
RIL will sell its entire 70 percent stake in the block for an undisclosed sum to the Dilip Shanghvi-promoted firm.
The remaining stakes in the oil and gas block CB-ONN-2003/1 is held by BP India.
The sale would mean that the RIL’s control over the block will now be limited to only four blocks in the area.