Reliance Retail runs supermarkets, India’s largest consumer electronics chain, a cash-and-carry wholesaler, fast-fashion outlets and an online grocery store called JioMart
A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers
Little more than $1 trillion of deals have been announced this year, making for the slowest first half since 2012
Facebook invested $5.7bn in Jio in April for a roughly 10 per cent stake
In August, Reliance valued its oil-to-chemicals division at $75bn including debt, implying a $15bn valuation for a 20 per cent stake
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