InvestorQ : What is the logic of Reliance buying into Addverb Technologies?
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What is the logic of Reliance buying into Addverb Technologies?

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Juvina Maggie answered.
4 months ago
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Reliance Retail acquired 54% in Addverb Technologies for $132 million. Addverb runs one of the biggest robotic manufacturing facilities in Noida near Delhi. Incidentally, Addverb had helped set up automated JioMart warehouses. This deal gives Addverb Tech a valuation of Rs.2,000 crore. For now, it is more of a strategic investment for the Reliance Group.

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