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Quartz: Ambani’s new energy business is on an investment spree to create Jio-like success

Ambani’s new energy business is on an investment spree to create Jio-like success

From two $1.14 billion acquisitions announced a few days ago to two more big-ticket deals in the past few hours, the wholly-owned subsidiary of Mukesh Ambani’s Reliance Industries (RIL) has been on an investment spree. Today (Oct. 13), the company formed in June, announced a $45 million investment in German firm Nexwafe.