Reliance Industries to acquire 79.4% stake in US-based SenseHawk for $32 mn

Reliance Industries has acquired a majority stake of 79.4 per cent in US-based SenseHawk Inc through primary infusion and secondary purchase, for $ 32million, the company said in a BSE filing.

California-based SenseHawk, which was founded in 2018, is an early-stage developer of software-based management tools for the solar energy generation industry. SenseHawk helps accelerate solar projects from planning to production by helping companies streamline processes and use automation. It provides a seamless solar digital platform to manage the end-to-end solar asset lifecycle, the BSE filing said.

Chairman and Managing Director of Reliance Industries Mukesh Ambani said, “We welcome