RNEL Completes Acquisition of UK-Based Sodium-Ion Battery Company Faradion

The company had already acquired 92.01% equity stake in Faradion

October 30, 2024

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Reliance New Energy (RNEL), a wholly owned subsidiary of Reliance Industries, has fully acquired Faradion, a UK-based sodium-ion battery technology company, by acquiring the remaining 7.99% equity shares.

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RNEL Completes Acquisition of UK-Based Sodium-Ion Battery Company Faradion

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