MUMBAI: Mukesh Ambani’s (pic) Reliance Industries Ltd acquired a Norwegian solar panel maker and an Indian builder of renewable projects in a bid by the oil-to-retail conglomerate to extend its dominance into alternative energy.
Reliance, the company controlled by Asia’s richest person, acquired solar panel manufacturer REC Solar Holdings AS in a deal giving the company an enterprise value of US$771mil (RM3.21bil), it said in a filing.
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