Billionaire Mukesh Ambani Asias richest man keeps on expanding his business portfolio and his latest business move involves acquiring a major stake in a US-based Healthcare company. According to a statement by Mukesh Amban-led Reliance Industries its wholly owned subsidiary Reliance Digital Health Ltd is set to acquire a 45% stake in Health Alliance Group Inc -- a US-based healthcare firm-- for $10 million (roughly Rs 85 crore). The investment will empower Reliance Digital to develop a virtual diagnostic and care platform expanding access to healthcare for underserved communities. The investment is not a related party transaction and none of the company’s promoters/promoter groups/group companies are interested in the above transaction Reliance Industries said in regulatory filing last week. As per the filing the Mukesh Ambani-led conglomerate said the the transaction is subject to customary closing conditions and is expected to be completed in around two weeks. No governmental or regulatory approvals are required for the above transaction. Reliances regulatory filing mentioned that HAGI is a healthcare company based in United States incorporated in Delaware on December 21 2023. The firm specialises in technology-driven solutions for the underserved in the United States India and worldwide operating at the intersection of healthcare information technology and innovation. According to the statement Reliance Industries said the acquisition would enable Reliance Digital Health Ltd (RHDL) to develop a platform for virtual diagnostics and care aimed at easing healthcare access for the public. The deal does not require any formal government approvals but there is a two-week clause to complete the transaction it said. Reliance said it aims to offer advanced cost-effective health service delivery models to underprivileged communities in India and the acquisition is part of its comprehensive vision to proliferate its influence in the healthcare & technology interactions assuring their dedication towards innovation and social impact. Reliance Industries Ltd (RIL) is headed by its Chairman Mukesh Ambani the richest man in Asia and 18th wealthiest in the world boasting a net worth of $95.1 billion as of December 27 2024 according to Forbes Real Time Billionaires List.