Tag Archives: #Reliance

RIL picks 13% stake in US (Delaware) based tech firm SkyTran

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Wednesday, Reliance Industries Ltd said of its subsidiary company having picked 13% stake in US (Delaware) based personal transportation technology firm SkyTran Inc., paying USD($) 25 million. RIL’s investments aims to foster an exclusive partnership with SkyTran in India. Reliance

Regulators nod 188-billion-rupee ADANI | AMBANI deal for Mumbai Asset, deal to close in July 2018

MUMBAI | AHMEDABAD | RAJKOT –  Maharashtra Electricity Regulatory Commission (MERC) has given its approval to the proposed 100% stake sale of Anil Dhirubhai Ambani Group (ADAG) owned Reliance Infrastructure Ltd.’s integrated Mumbai power business to Adani Transmission Ltd. Following the commission’s nod, the transaction is expected to be closed in July 2018, Reliance Power

Reliance subsidiary buys 100% stake of a company selling products to pregnant mothers & children, paying 2 billion rupees

MUMBAI | RAJKOT – Mukesh Ambani led Reliance Brands Limited, a subsidiary of the Reliance Industries Ltd has purchased 100% stake in Rhea Retail Pvt. Ltd. | “Rhea” – brand selling pregnant mother products, for all cash consideration of 2 billion (~203 crore 46 lakh) Indian Rupees, the company’s regulatory filing to the exchanges in