Reliance Industries has said that its partner Niko can raise its stake in KG-D6 and NEC 25 blocks by 30% reports CNBC-TV18 quoting Agencies. Niko currently holds 10% in KG-D6 & NEC 25 blocks and they can increase their holding to 13%. The oil and gas major also said that Niko can increase stake in MN-D4 block to 19.5%. It currently holds 15% in MN-D4.
After its landmark deal with BP, which it announced yesterday, experts gave Reliance's USD 7.2 billion deal a thumbs up, and today the brokerage upgrades kicked in. CLSA has put a buy on the stock, with a target price of Rs 1,125 per share.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
