Reliance Retail Purchases 16% Stake in KaiOS Technologies for $7 Million
Reliance Retail, the parent company of Reliance Jio bought a stake of 16% in the KaiOS Technologies (KTI) a couple of days ago. The deal is worth about $7 million, and it's an all-cash deal. On last Friday, Reliance Industries Limited (RIL) sent a notice to the Bombay Stock Exchange (BSE) that Reliance Retail (RRL) bought 19,04,781 shares of KTI at $3.675 per share. In the BSE filing, RIL stated... Read More