RIL Picks how many stakes in robotics startup Addverb Technologies for $132 mill

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Question

RIL Picks how many stakes in robotics startup Addverb Technologies for $132 million?

Options:

A . 65%

B . 50%

C . 54%

D . 45%

Answer: Option C

Reliance Retail Ventures Limited(RRVL), the retail unit of Reliance Industries Limited (RIL) has acquired a 54% stake (majority stake) in Addverb Technologies Private Limited, a Noida based robotics startup, for USD 132 million (~Rs 983 crore).

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