RIL buys Karkinos Health for Rs 375 crore

Reliance Industries has acquired technology-led oncology platform Karkinos Healthcare for ₹375 crore. The acquisition was made through its subsidiary, Reliance Strategic Business Ventures, in an all-cash deal. Karkinos has become a step down wholly-owned subsidiary of Reliance Industries following the subscription and allotment of equity shares, and cancellation of existing shares held by erstwhile shareholders.

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