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Reliance Industries to Acquire Renewable Tech Firm Kanoda for ₹75 Crore

Reliance Industrial Investments and Holdings Limited (‘RIIHL’), a wholly-owned subsidiary of Mukesh Ambani-led Reliance Industries Ltd, has agreed to pick up a controlling stake of 88% in Ahmedabad-based renewable energy services firm Kanoda Energy Systems Pvt. Ltd for ₹ 75 crore (about $10.7 million), in an all-cash deal. According to a stock-exchange filing by RIL, […]

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