Reliance Industries arm to acquire renewable energy firm Kanoda for $10.8 m

Reliance Industries arm to acquire renewable energy firm Kanoda for $10.8 m

REUTERS/Shailesh Andrade

Indian conglomerate Reliance Industries Ltd has agreed to acquire 88 per cent stake in renewable energy services firm Kanoda Energy Systems Pvt. Ltd for Rs 75 crore (about $10.8 million) in an all-cash deal.

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