Reliance to invest in NexWafe as strategic lead investor
NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries has invested EUR 25 million in German solar wafer maker NexWafe GmbH to use the firm’s technology to set up giga-scale wafer manufacturing facilities in India.
“NexWafe GmbH (NexWafe) today announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (Reliance) as a strategic lead investor in its EUR 39 million ($45 million) Series C financing round with an investment of EUR 25 million ($29 million) in phase one,” the Indian firm said in a late Tuesday evening statement.
