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Reliance acquires majority equity stake in skyTran Inc

TBB BUREAU MUMBAI, FEB 28, 2021 Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Limited, on Sunday 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 ...

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