India's Reliance buys REC Solar for $771 million- statement - NewsBreak

NEW DELHI, Oct 10 (Reuters) - A unit of Indian conglomerate Reliance Industries Ltd (RELI.NS) said on Sunday it has bought REC Solar Holdings for an enterprise value of $771 million from China National Bluestar (Group) Co Ltd. The purchase by Reliance New Energy Solar Ltd (RNESL) follows the June...