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. for a consideration of $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,…
Billionaire Mukesh Ambani-led Reliance Industries is reportedly in talks to acquire online furniture marketplace Urban Ladder and daily milk delivery service Milkbasket in an attempt to get a hold of the e-commerce business. According to a report by the Times Of India, the Indian conglomerate is in an advanced stage of talking with Urban Ladder…
Mukesh Ambani-led Reliance Industries is reportedly considering selling its stake in Asian Paints as the Indian multinational conglomerate is stepping up its efforts to become debt free. According to a Bloomberg report, the company is in discussions with various banks for a potential sale of its 4.9% stake worth ₹989mn in Asian Paints report Ltd.…
In an attempt to strengthen its ecommerce footprint, Indian multinational conglomerate Reliance Industries Limited is reportedly in advanced talks to acquire a majority stake in Epharmacy startup Netmeds. According to a Times Of India report, Reliance, through one of its subsidiaries, may pay about $150mn for the assets including fresh capital infusion in the ten-year-old…