{"id":459669,"date":"2022-01-01T09:12:44","date_gmt":"2022-01-01T03:42:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=459669"},"modified":"2022-01-01T09:51:12","modified_gmt":"2022-01-01T04:21:12","slug":"reliance-industries-arm-acquires-battery-tech-firm-faradion-for-gbp-100-mn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-arm-acquires-battery-tech-firm-faradion-for-gbp-100-mn\/","title":{"rendered":"Reliance Industries arm acquires battery tech firm Faradion for GBP 100 mn"},"content":{"rendered":"<p>Reliance New Energy Solar Ltd (RNESL), an arm of Reliance Industries Ltd (RIL), has signed a definitive agreement to acquire 100 per cent stake in UK-based Faradion Limited for an enterprise value of GBP 100 million.<\/p>\n<p>With its patented sodium-ion battery technology, Faradion is one of the leading global battery technology companies and has a competitively superior, strategic, wide-reaching and extensive IP portfolio covering several aspects of sodium-ion technology, said RNESL in a press release on Friday. <\/p>\n<p>RNESL will also be investing another GBP 25 million into the entity as growth capital to accelerate commercial roll out, the firm said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance New Energy Solar Ltd (RNESL), an arm of Reliance Industries Ltd (RIL), has signed a definitive agreement to acquire 100 per cent stake in UK-based Faradion Limited for an enterprise value of GBP 100 million. With its patented sodium-ion battery technology, Faradion is one of the leading global battery technology companies and has a competitively superior, strategic, wide-reaching and extensive IP portfolio covering several aspects of sodium-ion technology, said RNESL in a press release on Friday. RNESL will also be investing another GBP 25 million into the entity as growth capital to accelerate commercial roll out, the firm said.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-459669","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=459669"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459669\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=459669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=459669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=459669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}