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Reliance's US Unit Buys $12 Million Stake in Helium Explorer Wavetech Helium
(Reuters) - Reliance Industries' U.S. unit has bought a 21% stake in U.S.-based helium production company Wavetech Helium for $12 million, the conglomerate said on Thursday, in a move aimed at expanding its low-carbon energy segment.
Reliance subsidiary acquires US-based Wavetech Helium for $12 million
WHI is a US-based helium gas exploration and production company engaged in the acquisition, exploration, and development of properties to produce helium gas from underground reservoirs.
Reliance Industries arm acquires 21% stake in US-based Wavetech Helium for $12 million
Reliance
Industries Ltd (RIL) on November 28 said its wholly owned subsidiary
Reliance
Finance and Investments USA LLC acquired 21% stake in US-based Wavetech Helium for $12 million. WHI was incorporated on July 2, 2021 in United States and started its ...
Reliance Industries acquires 21% stake in Wavetech Helium for $12 million
Mukesh Ambani-promoted Reliance Industries Ltd (RIL) on Thursday (November 28) said its step-down subsidiary, Reliance Finance, and Investments USA LLC (RFIUL), has acquired a 21% stake in Wavetech Helium,
RIL arm acquires 21% stake in US-based Wavetech Helium for $12 million
The acquisition, according to industry sources, is seen as RIL's attempt to gain further understanding and explore potential in the helium-related segment
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Reliance Industries acquires 21% stake in US-based WHI for USD 12 Million
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