RIL acquires majority stake in US-based skyTran Inc siliconindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconindia.com Daily Mail and Mail on Sunday newspapers.
RIL acquires majority stake in US-based skyTran Inc moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Mumbai (Maharashtra) [India], February 28 (ANI): Reliance Strategic Business Ventures Limited (RSBVL) announced that it has acquired an additional equity stake in its investee company skyTran for a consideration of USD 26.76 million increasing its shareholding to 54.46 per cent on a fully diluted basis.
In October 2018, Reliance Industries Limited had acquired a 12.7% stake in skyTran. In November 2019, it raised the stake to 17.37% and in April 2020, to 26.3%.