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Reliance Industries’ arm acquires 45% stake in Health Alliance Group Inc

31 Dec 2024 Evaluate

Reliance Industries’ wholly owned subsidiary -- Reliance Digital Health (RDHL) has acquired 45% equity stake, on a fully diluted basis, in Health Alliance Group Inc. for an aggregate consideration of $10 million.

The investment will empower RDHL to develop a virtual diagnostic and care platform, expanding access to healthcare for underserved communities.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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