Reliance acquires 26% stake in Adani's power project

Reliance Industries acquires a 26% stake in Adani's Madhya Pradesh power project, marking the first collaboration between Mukesh Ambani and Gautam Adani. Reliance will utilize 500 MW of electricity from Mahan Energen Ltd. The Rs 50 crore deal involves purchasing 5 crore equity shares, enhancing a strategic partnership in the energy sector.