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Reliance Industries’ arm inks pact to acquire 45% stake in Health Alliance Group Inc
Dec-21-2024

Reliance Industries’ wholly owned subsidiary -- Reliance Digital Health (RDHL) has entered into definitive agreements to acquire 45% equity stake on a fully diluted basis in Health Alliance Group Inc. (HAGI) 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.

Earlier, the company had acquired 57,12,39,588 equity shares representing 74% of Navi Mumbai IIA (NMIIA) at a price of Rs 28.50 per equity share aggregating Rs 1628.03 crore. 

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.


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