{"id":305881,"date":"2019-12-16T12:34:46","date_gmt":"2019-12-16T07:04:46","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305881"},"modified":"2019-12-16T12:47:17","modified_gmt":"2019-12-16T07:17:17","slug":"ril-arm-acquires-51-78-stake-in-asteria-aerospace-for-rs-23-12-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-arm-acquires-51-78-stake-in-asteria-aerospace-for-rs-23-12-crore\/","title":{"rendered":"RIL arm acquires 51.78% stake in Asteria Aerospace for Rs 23.12 crore"},"content":{"rendered":"<p>Reliance Industries on Friday said its wholly-owned subsidiary Reliance Strategic Business Ventures Ltd had acquired over 51% stake in Asteria Aerospace for Rs 23.12 crore. <\/p>\n<p>\u201cRSBVL has acquired equity shares of Asteria Aerospace for a cash consideration of Rs 23,12,49,584. The said investment represents 51.78% holding in the equity share capital of Asteria,\u201d Reliance Industries Ltd said in a BSE filing. The investment will further enable the group\u2019s 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 is expected to be completed by December 2021, it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries on Friday said its wholly-owned subsidiary Reliance Strategic Business Ventures Ltd had acquired over 51% stake in Asteria Aerospace for Rs 23.12 crore. \u201cRSBVL has acquired equity shares of Asteria Aerospace for a cash consideration of Rs 23,12,49,584. The said investment represents 51.78% holding in the equity share capital of Asteria,\u201d Reliance Industries Ltd said in a BSE filing. The investment will further enable the group\u2019s 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 is expected to be completed by [&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":[212,130,144],"tags":[],"class_list":["post-305881","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-pioneer","category-newspapers","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305881","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=305881"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305881\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}