RIL Acquires Majority Stake In US-Based Skytran Inc ...Middle East

Mumbai:  Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), announced on Sunday that it has acquired majority stake in its investee company skyTran Inc for a consideration of $26.76 million. With this transaction, RSBVL has increased its shareholding to 54.46 per cent on a fully diluted basis, RIL said […] The post RIL Acquires Majority Stake In US-Based Skytran Inc appeared first on Ommcom News.

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