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 acquires 21% stake in US-based WHI for USD 12 Million
Reliance Finance and Investments USA LLC (RFIUL), a step-down wholly owned subsidiary of the company, November 27, entered into a stock purchase agreement with Wavetech Helium, Inc. (WHI) and subscribed to a 21 per cent stake in WHI for an aggregate consideration of USD 12 million.
Reliance acquires 21 pc stake in Wavetech Helium for USD 12 mn
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 Industries acquires 21% stake in Wavetech Helium for $12 million
Stock Purchase Agreement with Wavetech Helium, Inc. (WHI) and subscribed to a 21% stake of WHI for an aggregat
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 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 ...
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