Reliance Industries buys 12.7% stake in pod car maker skyTran
Reliance Industries has acquired a 12.7% stake in skyTran, a US technology company developing pod car transport systems. The Mukesh Ambani-led company would also nominate a director on the Board of skyTran. Reliance didnât disclose the amount it invested but said that it has the option to invest up to $25 million more in skyTran via convertible notes.