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).
The initiative has been launched in collaboration with NIMHANS, a world-renowned centre for mental health, neurosciences and allied fields, based in Bengaluru.
EXAMIANS