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Reliance Industries Arm Acquires 23.3 Per Cent Stake In US-Based Autonomous Robotics Firm

Reliance Strategic Business Ventures Limited (RSBVL), a subsidiary of Reliance Industries Limited (RIL), has acquired a 23.3 per cent stake in US-based Exyn Technologies for $25 million. The two companies have also entered into a Strategic Partnership Agreement to collaborate on technology and commercialise Exyn's technology.

Reliance Industries Arm Acquires 23.3 Per Cent Stake In US-Based Autonomous Robotics Firm - Image

Reliance Strategic Business Ventures Limited (RSBVL), a subsidiary of Reliance Industries Limited (RIL), has acquired a 23.3 per cent stake in US-based Exyn Technologies for $25 million. The two companies have also entered into a Strategic Partnership Agreement to collaborate on technology and commercialise Exyn's technology.