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Reliance acquires majority equity stake in US-based skyTran Inc.

Reliance acquires majority equity stake in US-based skyTran Inc.

Mar 01, 2021, at 06:30 am

Mumbai/IBNS: Reliance Strategic Business Ventures Limited (“RSBVL”), a wholly owned subsidiary of Reliance Industries Limited, announced that it has acquired additional equity stake in its investee company skyTran Inc. (“skyTran”) for a consideration of USD 26.76 million increasing its shareholding to 54.46% on a fully diluted basis.