Reliance Industries takes majority stake in US-based company for Rs 2.5 billion: Details

- Reliance Industries has acquired a majority stake in US-based company SenseHawk for Rs 2.5 billion.

- SenseHawk is a developer of software-based management tools for the solar energy generation industry.

- The company claims to have helped 140+ customers in 15 countries adopt new technology for their 600+ sites and assets totalling 100+ GW.

- The transaction is subject to certain regulatory and other customary closing conditions and is likely to complete before the end of 2022.