Reliance Industries Ltd.

Reliance Industries has completed acquisition of 100% stake of Radisys Corporation (RSYS). The acquisition is done through a special purpose vehicle (SPV) set up in US for cash consideration aggregating to approximately $75 million equity value, based on current outstanding and dilutive equity share impact.

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.