Reliance Industries updates on acquisition
In Kanodia Energy Systems
Reliance Industries has announced Reliance Industrial Investments and Holdings, a wholly owned subsidiary of the Company has entered into a binding agreement with Kanodia Energy Systems Private Limited for acquisition of equity shares for a cash consideration not exceeding INR 75,00,00,000. The said investment upon completion will translate into 88% equity stake in KESL on a fully diluted basis. The total investment is likely to be completed by March 2020.Powered by Capital Market - Live News
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First Published: Dec 29 2018 | 5:28 PM IST