Reliance Digital Health Limited (RDHL), a wholly owned subsidiary of Reliance Industries, has announced the acquisition of a 45% equity stake in Health Alliance Group Inc. (HAGI) for USD 10 million.
HAGI is a US-based healthcare company incorporated on December 21, 2023, as a Delaware corporation. It specialises in designing technology-driven solutions for the underserved in the United States, India and the rest of the world. HAGI operates at the intersection of healthcare, information technology and innovation.
The acquisition aims to empower RDHL to develop a virtual diagnostic and care platform, enhancing access to affordable healthcare for marginalised communities.
Reliance Industries’ share price was trading near its day high of ₹1,212.40 on the NSE at 9:35 AM on December 31, 2024.
The deal is not a related-party transaction, and neither Reliance’s promoters nor its group companies have any financial interests in it.
The transaction does not require regulatory approvals and has been executed under customary closing conditions. The acquisition process was completed within the expected 2 week timeline.
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