Reliance Industrial Investments and Holdings to acquire stake in Kanoda Energy Systems

Reliance Industrial Investments and Holdings Limited has signed an agreement to acquire an 88 per cent stake in Kanoda Energy Systems Private Limited (KESL). Currently, all statutory approvals for the investment have been received and no regulatory approvals are required for the same. KESL has a presence in the specialised fields of solar advisory, product design and technology validation and has recently forayed into the engineering, procurement and construction (EPC), and operation and maintenance (O&M) of solar projects.

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