Reliance Industries buys controlling stake in drone startup Asteria Aerospace

#India #funding - Mukesh Ambani-led Reliance Industries Ltd (RIL) has acquired a controlling stake in Bengaluru-based drone startup Asteria Aerospace for Rs 23.12 crore ($3.3m). The investment, disclosed to the BSE on Friday, was done through Reliance Strategic Business Ventures Ltd, a wholly owned subsidiary of RIL. The investment will give RIL a 51.78 percent holding in Asteria Aerospace. (Economic Times)


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