Type to search

Reliance Industries Bidding For ChemChina’s Solar Unit: ET

Reliance Industries' debt offering may be the largest offshore raising by an Indian borrower in one go. Photo: Reuters

(AF) Reliance Industries (RIL) is eyeing China National Chemical Corp’s (ChemChina) REC Group, the largest solar panel manufacturer in Europe, in a $1-1.2  billion acquisition bid, The Economic Times reported on Tuesday.

The acquisition will help RIL access cutting-edge technology and global manufacturing capabilities as the company pursues its recently announced green energy foray, the newspaper said. Full report: The Economic Times.



Cloud of uncertainties dim India’s solar ambitions

Indrajit Basu

Indrajit Basu is an India-based correspondent for Asia Financial and wears two hats: journalist and researcher (equity). Before joining AF he reported on business, finance, technology, wealth management, and current affairs for China Daily, SCMP, UPI, India Today Group, Indian Express Group, and many more. He is also an award-winning researcher. If he didn't have to pay bills, he would be a wanderer.


AF China Bond