Reliance Industries Limited (RIL) shares rose by 1.3% to ₹1,221.00 during Friday’s session following its announcement that subsidiary Reliance Digital Health Limited (RDHL) will acquire a 45% equity stake in the US-based Health Alliance Group Inc. (HAGI) for USD 10 million. The deal, expected to close within two weeks, reinforces RDHL’s ambitions in the global healthcare sector.
Key Highlights of the Deal:
- Strategic Acquisition: RDHL’s 45% stake in HAGI enhances its focus on technology-driven healthcare solutions.
- Expansion in Healthcare Access: The acquisition aims to develop a virtual diagnostic and care platform, targeting underserved populations in the US, India, and beyond.
- Non-Promoter Deal: The transaction is independent, unrelated to promoter or group company interests.
Founded in December 2023, HAGI specializes in healthcare innovations, leveraging IT to improve accessibility and outcomes. This acquisition aligns with RDHL’s commitment to leveraging technology for healthcare advancements globally.
Reliance Industries Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Dec 20 2024
|
₹1,224.00
|
₹1,205.30
|
-2.04%
|
|
Thu, Dec 19 2024
|
₹1,239.00
|
₹1,230.45
|
-1.82%
|
|
Wed, Dec 18 2024
|
₹1,240.65
|
₹1,253.25
|
|
|
Tue, Dec 17 2024
|
₹1,261.05
|
₹1,245.30
|
-1.81%
|
|
Mon, Dec 16 2024
|
₹1,275.00
|
₹1,268.30
|
-0.36%
|
|
Fri, Dec 13 2024
|
₹1,260.00
|
₹1,272.85
|
|
|
Thu, Dec 12 2024
|
₹1,270.00
|
₹1,262.90
|
-1.20%
|
|
Wed, Dec 11 2024
|
₹1,285.00
|
₹1,278.20
|
-0.52%
|
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
