June 22 (Reuters) – India’s Reliance Industries (RELI.BO) was close to announcing a deal to pay $1.35 billion for a stake in a Texas shale gas field controlled by Pioneer Natural Resources (PXD.N), the Financial Times reported, citing people familiar with the matter.
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Reliance, India’s largest listed company, will buy a 45 percent stake in the Eagle Ford shale gas field in south Texas, the people said, according to the newspaper.
A Reliance official declined to comment when reached by Reuters. (Reporting by Indulal P.M.)