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Reliance, India to acquire Sodium-Ion battery company Faradion, U.K.
On December 31, Reliance New Energy Solar Ltd., (RNESL) a wholly-owned subsidiary of Reliance Industries Ltd., signed definitive agreements to acquire 100% shareholding in Faradion Limited for an enterprise value of GBP 100 million. In addition, RNESL will also invest GBP 25 million as growth capital to accelerate th....
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