Private Equity

Other Private Equity/Strategic Investments

RIL invests Rs.20-Cr in electronics manufacturer Neolync

BSE  

Bangalore-based Neolync Solutions has raised INR 20 crore from Reliance Strategic Business Ventures Limited (RSBVL). A further investment of up to INR 40 crore, subject to Neolync achieving agreed milestones, is expected to be completed by March 2023. The total investment will translate into 40% of equity share capital in Neolync on a fully paid up and diluted basis. Neolync is an early stage company with Income of INR 3.26 crore and Net Loss of INR 1.03 crore for FY21 and Net Loss of INR 2.39 crore for the period October 2019 to March 2020.