MSME Opportunities

RIL Acquires NowFloats for Rs 141.63 Cr for Strengthening MSME Offerings

“Reliance Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of RIL, has acquired the equity shares of NowFloats Technologies for a cash consideration of Rs 141, 63, 78,822. The said investment represents 85 per cent holding in the equity share capital of NowFloats,” the Company said in a regulatory filing to the stock exchanges.