Reliance increases stake in US-based tech company SkyTran to 26.3%

No regulatory approvals were required in India for the acquisition of shares

ANI
Last Updated at April 30, 2020 08:37 IST

Reliance has reportedly invested in SkyTran to play an active role in advancing solutions, especially in telecom

Reliance Strategic Business Ventures Ltd (RSBVL), a wholly-owned subsidiary of Mukesh Ambani-led Reliance Industries, has increased its stake in US-based SkyTran Inc, a venture-funded technology company developing modern transport modes including personal rapid transit system.

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