Rosneft in early talks with Reliance to sell stake in Nayara Energy...

Rosneft in early talks with Reliance to sell stake in Nayara Energy - Report

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Rosneft has initiated discussions with Reliance Industries for the potential sale of its 49.13% stake in Nayara Energy, a move that could significantly consolidate India's oil refining and fuel retail sector. Valuation remains a key obstacle, with Rosneft seeking around $17 billion.

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