Sterling and Wilson

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Reliance New Energy Solar Ltd. acquisitions and stake purchases

Reliance New Energy Solar Ltd. (RNESL) , a wholly owned subsidiary of Reliance Industries Ltd. has to acquire a British battery enterprise Faradion Limited. Faradion Ltd. manufactures sodium ion batteries.  For this acquisition, RNESL is going to pay 100 Million Pounds as purchase consideration to Faradion Ltd. Faradion Ltd. is one of the leading global …

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Pre-Market Information-Reliance New Energy to acquire 100% stake in Faradion for GBP 100 Million

Global markets have a muted start. The US markets ended in red. SGX Nifty is also in red. But the gap down is milder one. There are several stocks in focus. Reliance Industries’s Subsidiary Reliance New Energy Solar is to acquire. Faradion for 100 Million pounds. In another development, Sterling and Wilson Renewable Energy approved …

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