Via Saket Sundria and Dinesh Nair in bloomberg.com: Reliance in August valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake. If the deal closes at this value, it will be the largest transaction in India since Walmart Inc.’s $16 billion acquisition of a majority stake in Flipkart Online Services Pvt. For Aramco, the deal could be its biggest since agreeing to buy a majority stake in Saudi Basic Chemicals for $69 billion last year.
