Reliance Industries Arm Invests Rs 107 Crore In US-Based Start-Up

New Delhi: Reliance Industries Ltd, led by billionaire industrialist Mukesh Ambani, has invested $16 million (about Rs 107 crore) in US-based tech start-up NetraDyne. The company's wholly-owned subsidiary "Reliance Industrial Investments and Holdings is investing $16 million in Compulsorily Convertible Preferred Shares of a technology startup, NetraDyne Inc, USA", it said in a stock exchange filing. Half of the payment was done by ...