Reliance Industries Ltd.

Reliance Industries’ (RIL) wholly-owned subsidiary Reliance Industrial Investments and Holdings (RIIHL) has invested $16 million in US-based tech start-up NetraDyne. Half of the payment was done by May 30 and the next tranche will be done by May 30 next year. On conversion of the investment or preferred shares, RIIHL will get 40% of the equity or 1.50 crore shares of NetraDyne.

Reliance Industries has businesses across India, engaged in energy, petrochemicals, textiles, natural resources, retail and telecommunications.