Reliance Industries Invests Rs. 375 Crore in Karkinos Healthcare, Expanding Health Services Portfolio

Reliance Industries Limited (RIL) announced an investment of Rs. 375 crore in Karkinos Healthcare Private Limited through its wholly-owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL). The investment includes Rs. 10 crore for 1,00,00,000 equity shares and Rs. 365 crore for 36,50,00,000 Optionally Fully Convertible Debentures. Karkinos, a technology-driven healthcare solutions provider, has become a step-down wholly-owned subsidiary of RIL post the transaction. The acquisition will help RIL expand its health services business portfolio. The investment does not fall under related party transactions and has been approved by the National Company Law Tribunal, Mumbai Bench.