look news india
Mukesh Ambani: Reliance Industries owner and Asia's leading businessman Mukesh Ambani has made a big purchase before Diwali. Mukesh Ambani's company has purchased the entire stake of a British company. Now he has also bought the remaining stake of the company in this deal done in the year 2021. The remaining 8 percent stake of British company Paradian Limited, a subsidiary of Reliance Industries, has also been purchased.
Ambani bought a British company
Reliance New Energy, a company of Reliance Industries, has bought the entire stake in British company Faradion. Reliance New Energy Solar Ltd now holds an 8 percent stake in the deal in 2021. Let us tell you that the British company Faradion works on Sodian ion battery technology. Let us tell you that Reliance New Energy Solar Limited will adopt Faradion's advanced technology in Dhirubhai Ambani Green Energy Storage Gigafactory in Jamnagar.
How much was the deal done for?
Reliance has bought the remaining 8 percent stake in Faradion. In December 2021, Reliance signed a deal worth 100 million euros with Faradion. The company has invested 25 million euros in this company as growth capital. However, this is not the first time that Ambani has struck deals with foreign companies. Earlier recently, Reliance has signed an agreement with AI chip manufacturing company Nvidia.
RBI's gift to Jio Financial Services Limited
This Diwali is full of good news for Mukesh Ambani. When the deal was done, the Reserve Bank gave license to his company as an online payment aggregator. Jio Payment Solutions Limited, a subsidiary of Ambani's company Jio Financial Services, has got permission to work as an online payment aggregator.