LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Reliance Ind picks 5.56% stake in tech start-up for $5 mn

Reliance Industries said Saturday it has acquired 5.56 per cent equity stake in technology start-up Vakt Holdings Ltd, UK (VHL), for USD 5 million (approx Rs 35 crore). 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Reliance Ind picks 5.56% stake in tech start-up for $5 mn
Reliance Industries, in a regulator filing, said it has acquired the equity stake in VHL, a closely held start up entity engaged in the technology space, for cash aggregating to USD 5 million. Image source: PTI
Written By: PTI
Updated: Sun, Dec 23, 2018
11:17 am
PTI
RELATED NEWS
Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252 Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252
Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain
Future Group shares soar after court lifts hold on Reliance deal Future Group shares soar after court lifts hold on Reliance deal

Reliance Industries said Saturday it has acquired 5.56 per cent equity stake in technology start-up Vakt Holdings Ltd, UK (VHL), for USD 5 million (approx Rs 35 crore). 

Reliance Industries, in a regulator filing, said it has acquired the equity stake in VHL, a closely held start up entity engaged in the technology space, for cash aggregating to USD 5 million.

VHL is a consortium of leading global energy majors, commodity traders and banks with a vision to digitise the global commodities trading industry, creating a secure, trusted ecosystem, powered by block chain. 

"The strategic investment accelerates Reliance's digital journey, through active participation in an emerging and evolving, yet promising, block chain enabled technology solution for energy markets," the company said. 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Reliance IndustriesVakt Holdings
RELATED NEWS
Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252 Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252
Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain
Future Group shares soar after court lifts hold on Reliance deal Future Group shares soar after court lifts hold on Reliance deal
Reliance Industries Share price and Target price Rs 2090: Buys says HSBC, RIL morphing into this Reliance Industries Share price and Target price Rs 2090: Buys says HSBC, RIL morphing into this
Reliance Industries shares decline over 2 pc; Future Retail tanks 5 pc Reliance Industries shares decline over 2 pc; Future Retail tanks 5 pc

LATEST NEWS

Mid-cap Picks with Anil Singhvi: GATI, Swaraj Engines, Bharat Dynamics are Sacchitanand Uttekar recommendations today

Samsung Galaxy A12 Review: Smartphone ticks the right boxes in budget segment

PPF Calculator: Your Public Provident Fund account can make you crorepati! Follow this earn while you sleep strategy

BPCL Privatisation News Today: Money! Special dividend to shareholders? Check latest stake sale update

MTAR Technologies IPO date: Issue opens on March 3, 2021 | Key competitive strengths, risks and more - EXPLAINED

Stocks in Focus on March 2: BPCL, Auto Stocks, IGL, NMDC to Coal India; here are the 5 Newsmakers of the Day

RailTel share price on a tear today, soars some 60% after listing; MTAR Technologies IPO to watch out for

From SBI Power Demat Account avail benefit of SBI Savings Account - From free ATM card to loans, check out offer by State Bank of India

7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance

PAN Aadhaar Link: Last date is fast approaching! Failing to do this may lead to Rs 10,000 penalty

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved