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Reliance New Energy, India acquires 100% share of UK based Faradion Limited

On October 29, Reliance New Energy Limited (RNEL) announced that it had acquired 100% stakes in Faradion Limited. RNEL previously held 92.01% equity stakes in this company. With this acquisition, Faradion has now become a wholly-owned subsidiary of RNEL. Faradion was founded in 2011 to develop sodium-ion technology.
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