Reliance Industries’ (RIL) one of arms - Reliance Retail (RRL) has subscribed to 19,04,781 common shares of KaiOS Technologies Inc (KTI) at $3.675 per share, for cash aggregating to $7 million, translating to 16% equity stake of KTI on a fully diluted basis. RRL is subsidiary of Reliance Retail Ventures which is in turn a subsidiary of RIL.
KTI is an emerging mobile operating system technology provider incorporated in the State of Delaware, USA on April 24, 2014. KTI’s flagship product ‘KaiOS’ originates from the Firefox open-source project.
RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
Company Name | CMP |
---|---|
Reliance Industries | 2954.55 |
Indian Oil Corp. | 170.30 |
BPCL | 626.80 |
HPCL | 536.25 |
MRPL | 215.15 |
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