Reliance Industries Ltd. to Acquire 45% Stake in Health Alliance Group Inc. for USD 10 Million

Reliance Industries Ltd. announced that its wholly owned subsidiary, Reliance Digital Health Limited (RDHL), has entered into definitive agreements to acquire a 45% equity stake on a fully diluted basis in Health Alliance Group Inc. (HAGI) for an aggregate consideration of USD 10 million. HAGI, a US-based healthcare company, specializes in designing technology-driven solutions for underserved communities in the United States, India, and the rest of the world. The investment will enable RDHL to develop a virtual diagnostic and care platform, expanding access to healthcare for underserved communities. The transaction is expected to be completed in around 2 weeks and does not require any governmental or regulatory approvals.