Reliance Industries will likely remain in focus on Monday after the company announced that Reliance Digital Health (RDHL), its wholly-owned subsidiary, will acquire a 45% stake in Health Alliance Group.
The total value of the transaction has been stated to be $10 million.
“Reliance Digital Health Limited (“RDHL”), a wholly owned subsidiary of the Company, has on December 20, 2024 entered into definitive agreements to acquire a 45% equity stake on a fully diluted basis in Health Alliance Group Inc. (“HAGI”) for an aggregate consideration of USD 10 million,” said the company in an exchange filing.
Additionally, the company informed us that the transaction will be completed in around 2 weeks.
The investment will likely empower RDHL to develop a virtual diagnostic and care platform, expanding access to healthcare for underserved communities.
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