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Tuesday, September 6, 2022

Nifty , Sensex Trading View. Reliance Industries will buy 79% stake in American company SenseHawk, RIL shares rose by news

Nifty , Sensex Trading View.

Reliance Industries will buy 79% stake in American company SenseHawk, RIL shares rose by news

Reliance Industries to Acquire 79.4 pc Stake in SenseHawk: Reliance Industries will buy this stake for a total of $ 32 million. Due to this news, there was a huge jump in the shares of RIL.

Mukesh Ambani's company is putting a lot of emphasis on renewable energy.



Mukesh Ambani-led Reliance Industries has entered into an agreement with the company to acquire 79.4 per cent stake in US-based solar energy related software company SenseHawk. Reliance Industries will buy this stake for a total of $ 32 million. Mukesh Ambani's company will acquire the American software firm by infusing capital at the primary level and through secondary purchase. Due to this news, the shares of RIL climbed up to one percent in early trading on Tuesday . In early trade on Tuesday, shares of Reliance Industries were trading at Rs 2,593.95 with a jump of 0.94 per cent.

SenseHawk was founded in 2018

This company was established in 2018. This company develops software based management tools for the solar energy generating industry. SenseHawk works to accelerate the pace of solar projects from planning to production by simplifying processes and using automation for companies. It provides a solar digital platform to manage end-to-end solar asset lifecycle. RIL informed in an exchange filing on Tuesday that the company's turnover in FY 2021-22, FY 2020-21 and FY 2019-20 was $ 2,326,369, $ 1,165,926 and $ 1,292,063 respectively.

Mukesh Ambani said this about this deal

RIL Chairman Mukesh Ambani said about this deal, "The company's investments in the new energy sector including Sensehawk among others will create a kind of synergy and provide unique solutions with high value to customers. The goal of this acquisition and The company has already given information about the effect in the media release issued on September 5, 2022.

Ambani, who is trying to transform RIL's conventional fuel business into a renewable energy business, has already put forward plans to set up the Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres of land in Jamnagar, Gujarat. Last month, Ambani unveiled plans to set up a giga factory for power electronics



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Tags- #nifty, #sensex, #trading view

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