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Reliance Industries: Mukesh Ambani’s Reliance Industries has made big investments in many other sectors apart from oil and petrochemicals business in the last five years. RIL has made a total investment of Rs 1.13 lakh crore in renewable energy, telecom, retail and media sectors. So that not only green energy can be produced, but also the increasing needs of consumers in these sectors can be met.
RIL buys Karkinos Healthcare for Rs 375 crore
According to a report by Morgan Stanley, it bought oncology platform Karkinos Healthcare for Rs 375 crore and acquired 100 percent stake. With this, RIL made another major contribution to the diagnostic and digital healthcare ecosystem after investing in HAGI, Netmeds and Strand Life Sciences.
It was told in the report that in the last five years, Reliance spent 13 billion dollars in many sectors. Of these, 14 percent ($1.7 billion) was spent in the energy sector, while 48 percent ($8.6 billion) was spent in the technology, media and telecom sectors. Along with this, 9 percent was spent in the retail sector, while investment in health continues.
The company spent in these sectors also
According to Morgan Stanley, of these, $6 billion was spent in companies in the media and education sector and $2.6 billion was spent in the telecom and internet verticals. Reliance bought Hathway Cable and Datacom Limited for $981 million, which was the company’s biggest acquisition in the last five years.
The report also said that RIL spent $771 million to buy Norway-based solar panel maker REC Solar Holdings and $767 million to buy search and database firm Justdial.
According to Morgan Stanley, Carcinos provides technological solutions for early detection of cancer and its effective treatment. Other investors in Karkinos include Tata Group, Rakuten, Mayo Clinic and Hero Enterprise.
