RIL arm to buy battery company Lithium Werks for Rs. 468.2 crore.

Reliance New Energy Limited (RNEL), a wholly-owned renewable energy subsidiary of Reliance Industries Ltd. (RIL), has signed a definitive agreement to acquire all assets of the Netherlands-headquartered Lithium Werks BV for a total transaction value of $61 million (Rs. 468.2 crore) including funding for future growth, the company said recently.

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