Masterstroke by Mukesh Ambani as Reliance buys another company for Rs…, its business is…
GH News December 28, 2024 06:06 PM
Mukesh Ambani-led Reliance Industries Limited has acquired healthcare platform Karkinos for Rs 375 crore the company asserted on December 28.  The firm informed in a stock exchange filing that Reliance Strategy Business Ventures concluded the acquisition of Karkinos Healthcare Pvt Ltd  with allotment of required shares. Karkinos was integrated in India on July 24 2020 and is in the business of providing technology-driven innovative solutions for the early detection diagnosis and management of cancer. Its turnover was about Rs 22 crore in the 2022-23 fiscal. As per the stock filing Reliance Strategic Business Ventures Ltd has on December 27 2024 subscribed to and has been allotted 1 crore equity shares of Rs 10 each for cash aggregating Rs 10 crore and 36.5 crore optionally fully convertible debentures of Rs 10 each for cash aggregating Rs 365 crore of Karkinos.  
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