Reliance Industries Limited Acquisition Update: Subsidiary Of Mukesh Ambani's Company To Take 45% Stake In... - Details

Reliance Digital Health Limited (RDHL), a wholly owned subsidiary of Reliance Industries Limited (RIL), has announced its decision to acquire a 45 per cent equity stake in the US-based healthcare company Health Alliance Group Inc. (HAGI) for $10 million. 

According to an exchange filing by RIL, the definitive agreements for the acquisition were signed on December 20. The investment marks a significant step for RDHL in its endeavour to expand its footprint in the global healthcare sector.  

Focus on Innovation and Underserved Communities

Founded in December 2023, HAGI is a Delaware-based corporation specialising in technology-driven healthcare solutions for underserved populations across the United States, India, and other global markets. Operating at the intersection of healthcare, information technology, and innovation, HAGI’s expertise aligns with RDHL’s goal to develop a virtual diagnostic and care platform, aiming to make healthcare accessible to underserved communities.  

“The strategic investment will enable RDHL to leverage HAGI’s technological capabilities and expand its offerings in virtual healthcare services,” the filing noted.  

Transaction Details  

The transaction is not classified as a related-party deal, and neither Reliance’s promoters nor promoter group entities hold any direct interest in the acquisition. The agreement, which does not require governmental or regulatory approvals, is expected to close within two weeks, subject to customary conditions.  

The acquisition represents Reliance’s continued efforts to diversify its portfolio, focusing on cutting-edge innovations in sectors that promise substantial social and economic impact.  

The development comes amid a growing focus on technology-enabled healthcare solutions globally, as companies seek to address challenges of access and affordability in healthcare delivery.