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. skyTran is a technology company incorporated under the laws of Delaware, United States of… Continue reading "Reliance acquires Majority Equity Stake in SKYTRAN INC"
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