Articles tagged under: Skytran

Reliance arm RSBVL acquires majority equity stake in US technology company skyTran

March 01, 2021
Reliance arm RSBVL acquires majority equity stake in US technology company skyTran

Mumbai: 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 America (USA) in 2011. skyTran has developed breakthrough passive ma...Read More