RIL’s arm to acquire stake in Kanoda Energy Systems
Reliance Industries’ (RIL) wholly-owned subsidiary — Reliance Industrial Investments and Holdings (RIIHL) has entered into a binding agreement with Kanoda Energy Systems (KESL) for acquisition of equity shares for a cash consideration not exceeding Rs 75 crore. The said investment upon completion will translate into 88% equity stake in KESL on a fully diluted basis. … Read more
