Reliance will now focus on the business of drones and robots, 23.3% stake in this US company

RSBVL Acquires Exyn Technologies Inc: Reliance Strategic Business Ventures, a subsidiary of Reliance Industries, has decided to buy a 23.3 per cent stake in Exyn Technologies Inc, an American company working on drones and robots. This deal has been done in both the companies for $ 25 million i.e. Rs 207 crore. Significantly, Exyn Technologies Inc. is a company that helps in developing technology to take drones and robots on difficult routes without GPS. Earlier, Reliance Industries has a major stake in drone maker Asteria and robot maker Addverb Technologies.

Reliance Industries bought 23.3 percent stake

Reliance Strategic Business has announced on Thursday that it has bought 23.3 per cent stake in US-based don maker Exyn Technologies Inc. In such a situation, after partnership with Reliance Strategic Business and Exyn Technologies Inc., now both the companies will partner on technology and commercial level. Due to this, both will get big benefits in the coming time. Please tell that Exyn was made in the year 2014.

Reliance Jio acquires Reliance Infratel

Apart from this, Reliance Projects and Property Management (RPPMSL), part of Reliance Jio, has bought 100 per cent stake in Reliance Infratel. Reliance Industries Limited has informed in a statement on Thursday that it has bought 100 per cent stake in Reliance Infratel.

Let us tell you that Reliance Infratel is a subsidiary of Reliance Communications, whose management was with Mukesh Ambani’s younger brother Anil Ambani. Now Mukesh Ambani has bought the debt-ridden company of Anil Ambani. Earlier, the National Company Law Tribunal (NCLT) had given permission for the acquisition of Anil Ambani’s company by Mukesh Ambani’s company only last month.

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