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 Industries Acquires 21% Stake in US-based Wavetech Helium for $12 Mn
Reliance Industries, through its subsidiary Reliance Finance and Investments USA LLC, acquired a 21% stake in Wavetech Helium Inc. The deal, valued at
Reliance's Strategic Stake in Helium Future
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.
Mukesh Ambani's Reliance Industries Acquires 21% Stake in Wavetech Helium For Rs 100 Crore
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.
RIL gains 2% as US-based arm picks 21% stake in Wavetech Helium
As per the agreement, Reliance Finance and Investments will buy a 21 per cent stake for an aggregate consideration of $12 million
Reliance Finance acquires 21% stake in US-based Wavetech Helium
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 arm acquires 21% stake in US-based Wavetech Helium for $12 million
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,
Reliance's US unit buys $12 mln stake in helium explorer Wavetech Helium
The billionaire Mukesh Ambani-run group, which operates the world's biggest oil refining complex at Jamnagar in the western Indian state of Gujarat, announced in 2021 investments worth $10 billion to develop its green energy portfolio and achieve its 2035 net zero carbon goal.
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
RIL arm to buy 21% in US company Wavetech
MUMBAI: Reliance Industries is set to acquire 21% in US-based Wavetech Helium for $12 million, expanding its exploration business in low carbon solutions. The Mukesh Ambani-led company will route its investment in Wavetech,
RIL shares in focus after subsidiary acquires 21% stake in US-based Wavetech Helium
Reliance Industries (RIL) shares will be in focus on Friday following the acquisition of a 21% stake in US-based Wavetech Helium, Inc. by its step-down subsidiary, Reliance Finance and Investments USA LLC,
Reliance invests in American Helium company to power its data centres, electronics, aerospace and other needs
Reliance Finance and Investments USA LLC has acquired a 21% stake in Wavetech Helium, Inc. for USD 12 million. The ...
Reliance share price jumps 2% on THIS acquisition buzz. More upside possible?
Reliance Industries’ shares rose over 2% on BSE following the announcement of its subsidiary acquiring a 21% stake in ...