Reliance Industrial Investments and Holdings signs agreement for acquisition of 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 approved and no regulatory approvals are required for the same. KESL has presence in specialised fields of solar advisory, product design and technology validation and recently forayed into engineering, procurement and construction and O&M of solar projects.

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