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RIL acquires 51.7% stake in Asteria Aerospace for ₹23 crore
short by Aishwarya / on Friday, 13 December, 2019
Reliance Industries' subsidiary Reliance Strategic Business Ventures (RSBVL) has acquired a 51.78% stake in Asteria Aerospace for ₹23.12 crore. RSBVL has proposed to make a further investment of up to ₹125 crore, subject to Asteria achieving certain milestones. Asteria is a robotics and AI company that develops "drone-based solutions to provide actionable intelligence from aerial data".
read more at Bloomberg Quint