How Mukesh Ambani’s deal with Saudi Aramco would help RIL; top brokerages explain financialexpress.com

Even as the giant pact between Mukesh Ambani-led Reliance Industries and world’s most profitable firm Saudi Aramco continues to hog limelight, analysts say that the potential deal will help RIL in de-risking and de-leveraging. According to global firm HSBC, the possible deal could derisk RIL’s energy business in the long-term and could accelerate its deleveraging plans in the near term. HSBC has retained a ‘Buy’ rating on the shares with a target price of Rs 1,500. Reliance Industries is expected to report Q4 results later today.