March 12th, 2018 1:39 PM 0 COMMENTS

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

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