Reliance acquires stake in US-based Exyn for tech collaboration

Reliance Industries Limited has acquired a 23.3% stake in US-based automation startup Exyn Technologies Inc for $25 Mn via Reliance Strategic Business Ventures Limited (RSBVL), its wholly-owned subsidiary. In its regulatory filing, Reliance said that RSBVL and Exyn have inked a strategic partnership agreement for technology collaboration and commercialisation of Exyn’s technology.