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Petroleum Trust stake sale

- US$750.00 m

  • Entry date - Thursday, 14 January 2010
  • Jurisdiction - India
  • Practice - Equity Market
  • Reliance Industries' Petroleum Trust in block trade share issue


  • Firm - Davis Polk & Wardwell
  • Client - Petroleum Trust
  • Lead Lawyers - Kirtee Kapoor
  • Role - Counsel to issuer

Deal summary

  • Reliance Industries'' Petroleum Trust in block trade share issue of 33m equity shares of Reliance Industries

  • UBS Securities India Private Limited acted as broker for the transaction.

  • Petroleum Trust formed in 2002 as part of scheme of amalgamation of Reliance Petroleum with Reliance Industries.

  • Third stake sale by Petroleum Trust in RIL


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