India's Reliance Industries (RELI.BO) said its partner Canada's Niko Resources (NKO.TO) can raise its stake to 13 percent from 10 percent in the key gas producing KG D6 block, off India's east coast. BP (BP.L) agreed on Monday to buy a 30-percent stake in 23 oil and gas blocks owned by Reliance, in one of the biggest foreign direct investments in India to date. [ID:nLDE71K12J] "Niko Resources was informed about our partnership with BP. As per the contractual provision, Niko can increase by 30 percent of their current holdings," Reliance said in a statement. Also, Niko can can raise its stake to 13 percent from the current 10 percent stake in NEC 25 block and to 19.5 percent in D4 block from the present 15 percent stake, the statement said. (Reporting by Nidhi Verma)
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