Mukesh Ambani-led Reliance Industries (RIL), the largest private sector company in the country, is reportedly in talks with global oil & gas companies to sell about 10% stake in the D-6 block in the Krishna Godavari (KG) basin, according to sources.

A financial daily reported that RIL may hive off its KG basin assets into a separate company and then offer close to 10% stake to a strategic partner.

Currently, RIL holds 90 per cent stake in this block, while another 10 per cent is with Nikko Resources.

Global investment banking giant Goldman Sachs is one of the key consultants for the deal and RIL is sharing necessary data with the prospective partners to reach a valuation for the deal, sources said.

When contacted by email, RIL communication team declined to comment on the speculation.