Reliance Strategic Business Ventures buys 23.3% stake in US-based Exyn for $25 mn1 min read 22 Dec 2022, 08:19 PM IST
Both RSBVL and Exyn entered into a strategic partnership agreement for technology collaboration and commercialization of Exyn’s technology.
Reliance Industries-backed Reliance Strategic Business Ventures (RSBVL) on Thursday acquired a 23.3% stake in Exyn Technologies (Exyn) for a total consideration of $25 million. This deal is expected to have synergies with Reliance’s investments and strategic initiatives in drone, industrial safety and security, and robotics areas. RIL announced the development in its regulatory filing.