RELIANCE

establishes REC sustainable energy solutions in Singapore to support new energy initiatives

has established a wholly owned subsidiary, REC Sustainable Energy Solutions, in Singapore to set up a global capability center (GCC) aimed at consolidating R&D activities, recruiting global talent, and supporting new energy initiatives. RIL will invest $100,000 for the initial subscription of 100,000 shares. The transaction is not a related party transaction, and no promoter or group companies have an interest in it.