By: IPP Bureau
Last updated : December 22, 2024 6:19 pm
The investment will empower RDHL to develop a virtual diagnostic and care platform, expanding access to healthcare for underserved communities
Reliance Digital Health Limited (RDHL), a wholly owned subsidiary of Reliance Industries Limited, has entered into definitive agreements to acquire 45% equity stake on a fully diluted basis in Health Alliance Group (HAGI) for an aggregate consideration of US$ 10 million.
HAGI is a US-based healthcare company incorporated on December 21, 2023 as a Delaware corporation. It specializes in designing technology driven solutions for the underserved in United States, India and rest of the world. HAGI operates at the intersection of healthcare, information technology and innovation.
The investment will empower RDHL 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 promoter / promoter group / group companies have any interest in the above transaction.
The transaction is subject to customary closing conditions and is expected to be completed in around 2 weeks.
No governmental or regulatory approvals are required for the above transaction.