Reliance Strategic Business Ventures, a subsidiary of Reliance Industries, on Sunday announced it has raised its shareholding in investee company skyTran Inc to 54.46 per cent, acquiring additional equity stake for consideration of USD 26.76 million (Rs 196.9 crore). A technology company incorporated under the laws of Delaware, US, skyTran has developed breakthrough passive magnetic levitation and propulsion technology for… Continue reading "RIL subsidiary raises stake in skyTran Inc to 54.46 pc"
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