One of India's biggest FDI deals now stands approved by the Cabinet Committee on Economic Affairs (CCEA). The USD 7.2 billion deal between Mukesh Ambani-led Reliance Industries (RIL) and British Petroleum (BP) is believed to cut the ribbon for many such proposed big transactions.
In an exclusive interview with CNBC-TV18, Jagannathan Thunguntla, equity head of SMC Capital says the deal brings loads of cash to the already cash-rich balance sheet of the company, and therefore, the real trigger will be seen if BP gets along its technical expertise. Also, on Reliance's joint venture for Uranium exploration with UXA, Thunguntla says the company is finally taking the next five years of wealth creation cycle. Below is a transcript of Jagannathan ThunguntlaDiscover 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!
