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Reliance acquires REC Solar Holdings for $771 million

TBB BUREAU MUMBAI, OCT 10, 2021 Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has announced acquisition of 100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd., for an Enterprise Value of USD 771 million. REC is headquartered in Norway and has its operational headquarters in ...

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