Reliance arm raises stake in transportation firm SkyTran1 min read 28 Feb 2021, 08:46 PM IST
SkyTran is a venture-funded technology company that develops pod car transport systems
RIL had first invested in SkyTran in October 2018, acquiring a 12.7% stake in the company. In November 2019, it raised the stake to 17.37% and in April 2020, to 26.3%
Reliance Industries Ltd (RIL) has more than doubled its stake in US-based SkyTran Inc., underscoring the oil-to-retail conglomerate’s ambitious plans for eco-friendly transportation systems.
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