Saudi Aramco deepens Indian ties with Reliance partnership | Financial Times:
When Saudi Arabia’s powerful crown prince Mohammed bin Salman visited India in February, he was greeted at the airport with a bear hug by prime minister Narendra Modi.
But Mr Modi, in some ways, was a third cog to another relationship — the one between Prince Mohammed and Mukesh Ambani, Reliance Industries’ chairman, that has culminated in Saudi Aramco’s plans to take a 20 per cent stake in the Indian company’s oil refining unit, which values the business at $75bn including debt.
Prince Mohammed is renowned for making people wait for hours. But in a sign of how important their first meeting during the two-day trip to Delhi was, it was the Saudi royal who had to bide his time after Mr Ambani’s flight from Mumbai was delayed.
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