Reliance Arm Buys 51.78% Stake in Asteria Aerospace
“RSBVL has acquired equity shares of Asteria Aerospace for a cash consideration of Rs 23,12,49,584. The said investment represents 51.78 per cent holding in the equity share capital of Asteria,” Reliance Industries Ltd (RIL) said in a BSE filing. Asteria, incorporated in India in June 2011, is a full-stack drone technology company with in-house drone manufacturing capabilities, and also offers software solutions to provide actionable insights from aerial data, intending to deliver “drone-as-a-service” digital platform.