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 Industries, through its subsidiary Reliance Finance and Investments USA LLC, acquired a 21% stake in Wavetech Helium Inc. The deal, valued at

Reliance Industries Ltd acquires a 21% stake in US-based Wavetech Helium Inc for $12 million, marking a strategic move in helium exploration. This acquisition aligns with Reliance's strategy to expand its low carbon solutions business.

Reliance Finance and Investments USA LLC, a subsidiary of Reliance Industries, acquired a 21% stake in US-based Wavetech Helium for $12 million (Rs 100 crore) on November 27, 2024. The investment aims to expand its low-carbon exploration business.

As per the agreement, Reliance Finance and Investments will buy a 21 per cent stake for an aggregate consideration of $12 million

Reliance Finance and Investments USA LLC has acquired a 21% stake in Wavetech Helium, Inc. for USD 12 million, marking a strategic move to expand its low-carbon solution business. WHI, a US-based helium exploration company,

Reliance Finance and Investments has signed a deal to acquire a 21% stake in US-based helium gas exploration company Wavetech Helium, Inc. (WHI) for $12m. WHI started its commercial operations earlier this year. The company is currently preparing for a 200 well development drilling programme in the Morrow channel reservoirs in Colorado.

Reliance Industries Ltd on Thursday said it has acquired a 21 per cent stake in US helium gas exploration and production company Wavetech Helium Inc for USD 12 million. "Reliance Finance and Investments USA LLC,

The acquisition, according to industry sources, is seen as RIL's attempt to gain further understanding and explore potential in the helium-related segment