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Reliance Industries’ arm invests in SkyTran

29 Oct 2022 Evaluate

Reliance Industries’ wholly owned subsidiary -- Reliance Strategic Business Ventures (RSBVL) has invested an amount of USD 15 million in its subsidiary, SkyTran Inc. RSBVL has invested in SkyTran to increase its shareholding to 62.83% on a fully diluted basis.

Reliance Industries 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.

Peers
Company Name CMP
Reliance Industries 1163.55
Indian Oil Corpn. 130.00
Bharat PetroleumCorp 284.30
HPCL 339.50
MRPL 173.05
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