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business-standard - 6 days ago

Reliance Industries proposes independent subsidiary for O2C business

Rationale for O2C business reorganization - 1. Independent growth company enables focused pursuit of opportunities across O2C value chain 2. Enhanced efficiencies through self-sustaining capital structure and dedicated management team 3. Facilitates value creation through strategic partnerships and attract dedicated pools of investor capital 4. Reorganization will be beneficial to all stakeholders of RIL Management control of O2C continues with RIL Existing O2C operating team moves with transfer of business No dilution of earnings or any restriction on cash flows RIL is expected to retain its investment grade international (BBB+/ Baa2), and domestic AAA credit ratings


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