Reliance New Energy Ltd, subsidiary of Reliance Industries Ltd, has today completed the purchase of 7,433 Common shares; 1,518 Series B1 Preferred shares and 660 Series B2 Preferred shares of Nexwafe GmbH.
New Delhi, Sept 23: Reliance Industries Ltd on Friday said it has acquired a 20 per cent stake in California-based solar tech firm Caelux for USD 12 million as it strengthens its new energy manufacturing capabilities. Reliance New Energy Ltd, a wholly-owned subsidiary of the firm, signed definitive agreements to invest in Caelux Corporation, a Pasadena, California-headquartered company engaged in the development of perovskite-based solar technology, it said in a statement. The partnership is expected to help Reliance produce higher […]