Billionaire Mukesh Ambani’s newly floated energy firm has made its first acquisition, buying REC Solar for USD 771 million, the company said on Sunday. “Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has announced acquisition of 100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd., for an… Continue reading "Reliance buys REC Solar for USD 771 mn"
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