India's Reliance buys stake to explore oil in Peru

NEW DELHI, April 30 Wed Apr 30, 2008 8:29am EDT

NEW DELHI, April 30 (Reuters) - India's Reliance Industries Ltd (RELI.BO) has signed an agreement to buy a 90 percent stake in an explortion block in Peru, the head of the company's petroleum division, P.M.S. Prasad, said on Wednesday. (Reporting by Nidhi Verma; Editing by Mark Williams)