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News

Sanmina and Reliance create manufacturing joint venture in India

Sanmina Corporation (Sanmina), an integrated manufacturing solutions company and Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL) announced that they have entered into an agreement to create a joint venture through an investment in Sanmina’s existing Indian entity (Sanmina SCI India Private Ltd, SIPL). This partnership will leverage Sanmina’s 40 […]

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Acquisition

Reliance acquires majority equity stake in skyTran

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, […]

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Press Release

Reliance Industries acquires majority stake in Nowfloats

Reliance Strategic Business Ventures Limited (“RSBVL”), a wholly-owned subsidiary of Reliance Industries Limited (“RIL” or the “Company”) has acquired equity shares of NowFloats Technologies Pvt. Ltd. (“Nowfloats”) for a cash consideration of Rs 141,63,78,822 (Indian Rupees one hundred forty one crore sixty three lakh seventy eight thousand eight hundred twenty two only). The said investment […]