Reliance through its subsidiary, Reliance Strategic Business Ventures Limited, acquired 85% equity share capital of NowFloats in cash.
The total cash transaction stood at INR 141 crores (to be exact, INR 141,63,78,822 - Indian Rupees one hundred forty-one crore sixty-three lakh seventy-eight thousand eight hundred twenty-two only).
The announcement was made at India's BSE (Bombay Stock
Reliance acquires 85% of SaaS-based company, NowFloats Technologies
![Reliance acquires 85% of SaaS-based company, NowFloats Technologies]()
Reviewed by MCH
on
December 13, 2019
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