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. The acquisition will help Reliance Industries’ initiatives to use renewable energy sources.
Reliance Industries arm to acquire renewable energy firm Kanoda for $10.8 m
Date posted: Thursday 3 January 2019