|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||2,687.20 - 2,717.45|
|52-week range||1,830.00 - 2,720.00|
|Beta (5Y monthly)||1.02|
|PE ratio (TTM)||35.91|
|Forward dividend & yield||7.00 (0.29%)|
|Ex-dividend date||11 Jun 2021|
|1y target est||N/A|
(Bloomberg) -- Reliance Industries Ltd. will buy a German maker of photovoltaic solar wafers and signed a deal with a Danish company to manufacture hydrogen electrolyzers in India, as Mukesh Ambani’s oil-to retail conglomerate pivots to green energy.Most Read from BloombergHow France Turned the Humble Roundabout Into a Showcase for ArtWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowArgentina’s 120-Year-Old Cattle Auction I
RNESL agreed to buy 86,887 series C preferred shares of NexWafe at 287.733 euros per share, Reliance said, adding that RNESL would also be issued 36,201 warrants exercisable for one euro per warrant, subject to achievement of agreed milestones. The investment is a part of NexWafe’s 39-million euro Series C financing round, NexWafe said in a separate statement. The investment, expected to be completed this month, will accelerate product and technology development for NexWafe, including completion of the commercial development of NexWafe’s solar photovoltaics products on prototype lines in Freiburg, Reliance Industries said.
Shares of Reliance Industries rose 1.8% to a record high on Monday after the Indian oil-to-telecom conglomerate announced two deals over the weekend to buy solar capacity in its latest push towards becoming net carbon zero by 2035. Through its unit Reliance New Energy Solar Ltd, Reliance Industries is buying Norwegian-headquartered solar panel maker REC Solar Holdings for $771 million from China National Bluestar and an up to 40% stake in India's Sterling and Wilson Solar. REC has patented technology and opens up the export market for Reliance's solar business, analysts at Jefferies said in a note on Sunday.