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M&A: Reliance Retail acquires 54% in Robotics Company Addverb Technologies

M&A: Reliance Retail acquires 54% in Robotics Company Addverb Technologies

by Vora Corporate Finance | Feb 19, 2022 | Insights, Merger & Acquisitions

Transaction: Retail unit of Reliance Industries Ltd. (RIL), Reliance Retail Ventures Ltd. (RRVL), has acquired 54% stake in Addverb Technologies for $132 million (Rs.983 Crore approx.) The investment round values the company at around Rs.2000 Crore. The cofounders...

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