“Reliance Industries Ltd (RIL) said it has agreed to sell its entire 70% stake Gujarat’s Cambay Basin block to Dilip Shanghvi-promoted Sun Petrochemicals Pvt. Ltd (Sun Oil and Natural Gas) for an undisclosed amount. Reliance has a 70% participating interest in the oil and gas block CB-ONN-2003/1 (also called CB-10) while BP India holds the balance 30%,” reported Mint.

AZB & Partners advised Reliance Industries Limited led by a team of partner Prashanth Sabeshan and lawyer Adoksh Shastry.

2018-07-30

Deal value: Not disclosed

{incomplete}