India’s Reliance Industries acquires additional stake in NASA incubated skyTran

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Reliance Strategic Business Ventures Limited (RSBVL), which is a wholly-owned subsidiary of Mukesh Ambani’s Reliance Industries acquired an additional 28.16 percent stake in National Aeronautical and Space Administration (NASA) incubated skyTran that develops pod car transport systems. RSBVL’s $26.76 million investment now puts its equity share at 54.6% in skyTran, documents submitted to Bombay Stock Exchange (BSE) says. This investment…
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