India’s richest person, Mukesh Ambani, has made a significant acquisition through his company, Reliance Industries. The deal was executed by Reliance Digital Health Limited (RDHL), a subsidiary of Reliance Industries, which purchased a stake in a U.S.-based company, Health Alliance Group Inc.
As the year draws to a close, Mukesh Ambani has made a strategic investment worth approximately Rs 85 crore (10 million USD). This deal has secured a 45% stake in Health Alliance Group Inc., a U.S. company focused on healthcare, IT, and innovation.
RDHL, headquartered in Delaware, was established on December 21, 2022. It develops tech-based solutions to provide healthcare access to underserved populations in the U.S., India, and other global regions. With this acquisition, Reliance aims to strengthen its position in digital healthcare and innovation.
In its filing, Reliance Industries stated that the investment will empower Reliance Digital Health to develop a virtual diagnostic and care platform. This platform is expected to significantly improve access to healthcare for underprivileged communities.
The company emphasized that this transaction is not a -party transaction and is anticipated to be completed within two weeks. Importantly, no government approvals are required to finalize this deal, further expediting the process.
Reliance Industries believes that this investment will bring cutting-edge technological solutions to healthcare, benefiting underserved populations in India. By leveraging the expertise and innovation of Health Alliance Group Inc., Reliance aims to bridge the gap in healthcare accessibility and create affordable solutions for those in need.
