Reliance Industries picks 5.56% stake in blockchain startup for $5 mn

Date posted: Thursday 3 January 2019

Reliance Industries has acquired 5.56 per cent equity stake in technology startup Vakt Holdings Ltd, UK (VHL), for $5 million (approx Rs.35 crore). The company has acquired the equity stake in VHL, a closely held startup entity which is expected to run its energy-focused blockchain startup early next year.

(ET Tech)