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Reliance buys British battery firm for GBP 100 mn - Jammu Kashmir Latest News | Tourism

New Delhi, Dec 31:Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday announced the buyout of British battery maker Faradion Ltd for an enterprise value of GBP 100 million, as the oil-to-retail conglomerate continued with the acquisition of end-to-end technology for its multi-billion-dollar clean energy portfolio. Reliance New Energy Solar Ltd (RNESL), a unit of the nation’s most valuable company, signed definitive agreements to acquire 100 per cent shareholding in Faradion for an enterprise value of GBP 100 million and will […] ....

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