Reliance announces 13 billion Shale deal AZB Baker BottsVinson amp Elkins and Thompson amp Knight advice

Reliance announces 13 billion Shale deal AZB Baker BottsVinson amp Elkins and Thompson amp Knight advice
Published on
2 min read

Mukesh Ambani’s Reliance Industries (RIL), has agreed to pay Pioneer Natural Resources Co. and its partner Newpek LLC a sum amounting to $1.3 billion (Rs.5,850 crore) for a 45 percent stake in its Eagle Ford shale formation.In the Joint Venture (JV) Company, RIL will hold 45 percent stake with Pioneer at 46 percent and Newpek at 9 percent.

Loading content, please wait...
Bar and Bench - Indian Legal news
www.barandbench.com