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AZB acts for RIL in sale of Gujarat Cambay Basin block to Sun Petro

“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.


Deal value: Not disclosed

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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