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Reliance Subsidiary REC Solar Holdings to Sell REC Solar Norway for $22 Million

The transaction is expected to be completed by April 2024

January 15, 2024

/ Arjun Joshi
/ Finance and M&A, Solar
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REC Solar Holdings, a 100% step-down subsidiary of Reliance Industries, has entered into a share purchase agreement with Norway-based Elkem to sell a 100% equity stake in REC Solar Norway for an aggregate cash consideration of ₹22 million.

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Arjun Joshi

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