Deals
Reliance Said to Plan Acquiring Canadian Shale Assets After U.S.
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Reliance Industries Ltd. is studying shale-gas assets in Canada after agreeing to spend $3.4 billion to acquire and develop reserves in Pennsylvania and Texas last year, a person with direct knowledge of the plan said.
The Mumbai-based energy explorer and refiner controlled by Indian billionaire Mukesh Ambani may also use part of its $16 billion cash reserves to invest in clean energy ventures, the person said, asking not to be identified because the plans are private. The person declined to elaborate.