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Reliance Industries informs about share purchase agreement

15 Jan 2024 Evaluate

Reliance Industries has informed that REC Solar Holdings AS, a step down wholly owned subsidiary of the Company, has informed that it has on January 14, 2024, entered into Share Purchase Agreement with Elkem ASA for sale of its 100% equity stake in REC Solar Norway AS for an aggregate cash consideration of USD 22 million. Upon completion of the sale, REC Solar Norway AS will cease to be a subsidiary of the Company.

The above information is a part of company’s filings submitted to BSE.
Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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