Reliance Industries Limited — JV/Acquisition, 28-12-2024: Acquisition

Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries, has acquired a significant stake in Karkinos Healthcare Private Limited. RSBVL has subscribed to 1 crore equity shares at ₹10 each, totaling ₹10 crore, and 36.5 crore Optionally Fully Convertible Debentures at ₹10 each, amounting to ₹365 crore. Following this transaction, Karkinos has been restructured to become a wholly-owned subsidiary of Reliance. The acquisition enhances Reliance’s health services portfolio, leveraging Karkinos’ innovative technology for the early detection and management of cancer, which is expected to strengthen its market position.