Business Through a series of transactions, RIL subsidiary company executed agreements with Shapoorji Pallonji and Company Private Ltd, Khurshed Daruvala and Sterling, and Wilson Solar Ltd to acquire a 40 percent post-money stake in SWSL.
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For $771 million Reliance New Energy Solar acquires REC Solar Holdings .
Business(REC-Rural Electrification Cooperation Ltd shares) On October 10, Reliance New Energy Solar announced the acquisition of REC Solar Holdings for $771 million. “Reliance New Energy Solar Ltd (RNESL), a wholly – owned subsidiary of Reliance Industries Ltd (RIL), has announced the acquisition of a 100% shareholding in REC Solar Holdings AS (REC Group) from ChinaContinue reading “For $771 million Reliance New Energy Solar acquires REC Solar Holdings .”
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