28/02/2021 - Reliance Industries Ltd.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition of further shareholding in SkyTran Inc.

February 28, 2021
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Plot No. C/1,
Dalal Street,	G Block, Bandra - Kurla Complex,
Mumbai 400 001	Bandra (East),
Mumbai 400 051
Scrip Code: 500325 / 890147	Trading Symbol: RELIANCE / RELIANCE PP
Dear Sirs,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition of further shareholding in SkyTran Inc.

We had, vide our disclosure dated April 28, 2020 informed that Reliance Strategic Business Ventures Limited ("RSBVL"), a wholly owned subsidiary of the Company had in the aggregate acquired 26.31% of equity (on a fully diluted basis) of skyTran Inc.

RSBVL has since invested an additional amount of USD 26.76 million in skyTran Inc. and its shareholding stands at 54.46% on a fully diluted basis making skyTran Inc. subsidiary of RSBVL.

No regulatory approvals were required in India for the aforesaid acquisition of shares. The investment does not fall within related party transaction and none of the Company's promoter I promoter group I group companies have interest in skyTran Inc.

Thanking you,

Yours faithfully,

For Reliance Industries Limited

Savithri Parekh

Joint Company Secretary & Compliance Officer

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