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REC Solar Elkem deal: RIL subsidiary to sell 100% stake to Norway's Elkem ASA for $22 mn

Published: January 15, 2024

Reliance Industries Limited (RIL) has agreed to sell its 100% equity stake in REC Solar Norway AS to Norway's Elkem ASA for $22 million. REC Norway, a subsidiary of RIL, manufactures kerf-based polysilicon in Norway. Elkem, a silicon-based material provider, had sales of approximately NOK 45.9 billion in 2022. The transaction is expected to be completed by April 2024

Source: indiatimes.com

SAT: Securities Appellate Tribunal junks Sebi fine against Reliance Industries subsidiary

Published: December 13, 2023

NEW DELHI: The Securities Appellate Tribunal (SAT) on Wednesday quashed a Sebi order imposing a penalty of Rs 7 lakh on Jio Financial Services in case.

Source: indiatimes.com

RIL announces investment into EV technology company Altigreen Propulsions Labs

Published: February 10, 2022

This transaction is proposed to be completed prior to March.

Source: businesstoday.in

Reliance incorporates new subsidiary in UAE for trading in oil

Published: October 2, 2021

Reliance International Ltd has been incorporated as a wholly-owned subsidiary in Abu Dhabi Global Market, the United Arab Emirates (UAE), the firm said

Source: businesstoday.in