{"id":305658,"date":"2019-12-16T10:17:35","date_gmt":"2019-12-16T04:47:35","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305658"},"modified":"2019-12-16T10:34:45","modified_gmt":"2019-12-16T05:04:45","slug":"ril-arm-acquires-51-78-stake-in-asteria-aerospace-for-rs-23-12-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-arm-acquires-51-78-stake-in-asteria-aerospace-for-rs-23-12-cr\/","title":{"rendered":"RIL arm acquires 51.78% stake in Asteria Aerospace for Rs 23.12 cr"},"content":{"rendered":"<p>Reliance Industries on Friday said its wholly-owned subsidiary Reliance Strategic Business Ventures Ltd (RSBVL) has acquired over 51 per cent stake in Asteria Aerospace for Rs 23.12 crore. <\/p>\n<p>&#8220;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,&#8221; Reliance Industries Ltd (RIL) said in a BSE filing. <\/p>\n<p>The investment will further enable the group&#8217;s initiatives in emerging technology, it added. <\/p>\n<p>RSBVL proposes to make a further investment of up to Rs 125 crore, subject to Asteria achieving agreed milestones, and is expected to be completed by December 2021, it said. <\/p>\n<p>&#8220;Post the further investment, the shareholding of RSBVL will increase to 87.3 per cent of the equity share capital of Asteria,&#8221; it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries on Friday said its wholly-owned subsidiary Reliance Strategic Business Ventures Ltd (RSBVL) has acquired over 51 per cent stake in Asteria Aerospace for Rs 23.12 crore. &#8220;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,&#8221; Reliance Industries Ltd (RIL) said in a BSE filing. The investment will further enable the group&#8217;s initiatives in emerging technology, it added. RSBVL proposes to make a further investment of up to Rs 125 crore, subject to Asteria achieving agreed milestones, and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-305658","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=305658"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305658\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}