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Business deals

Reliance Industries agrees to buy up to 40% of Sterling and Wilson Solar

Second announcement of the day on solar energy investment

The logo of Reliance Industries is pictured in a stall at the Vibrant Gujarat Global Trade Show at Gandhinagar, India, January 17, 2019.    © Reuters

NEW DELHI (Reuters) -- Indian conglomerate Reliance Industries has agreed to buy up to a 40% stake in Sterling and Wilson Solar through its unit Reliance New Energy Solar, the companies said in separate statements on Sunday.

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