Reliance Industries Limited — JV/Acquisition, 21-12-2024: Acquisition

Reliance Digital Health Limited (RDHL), a wholly owned subsidiary of Reliance Industries, has entered into agreements to acquire a 45% equity stake in Health Alliance Group Inc. (HAGI) for USD 10 million. This U.S.-based healthcare company focuses on innovative technology solutions for underserved communities globally. The investment will enable RDHL to develop a virtual diagnostic and care platform, enhancing healthcare access for underserved populations. The transaction is expected to close within two weeks, subject to standard conditions. This strategic move positions Reliance to expand its footprint in the healthcare technology sector.