Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Reliance Industries Limited ( (IN:RELIANCE) ) has shared an announcement.
Reliance Industries Limited announced the acquisition of a 100% equity stake in Reliance New Energy Battery Limited (RNEBL) from its wholly-owned subsidiary, Reliance New Energy Limited. This strategic move aims to bolster Reliance’s capabilities in energy storage manufacturing, specifically in the development of Advanced Chemistry Cells, positioning the company as a key player in the energy storage industry. The transaction is a related party transaction and involves no regulatory approvals, expected to conclude by the end of January 2025.
More about Reliance Industries Limited
Reliance Industries Limited is a diversified conglomerate based in India with significant operations in the energy, petrochemicals, textiles, natural resources, retail, and telecommunications sectors. It focuses on innovative and sustainable solutions to meet market demands globally.
YTD Price Performance: 2.51%
Average Trading Volume: 676,765
Current Market Cap: 16760.5B INR
Find detailed analytics on RELIANCE stock on TipRanks’ Stock Analysis page.