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Reliance Industries Invests $13 Billion in Acquisitions, Shifting Focus to Clean Energy and Technology

share-iconTuesday, December 31 comment-icon1 month ago 5 views
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indiatimesINDIATIMES
Reliance Industries Invests $13 Billion in Acquisitions, Shifting Focus to Clean Energy and Technology

Credited from: INDIATIMES

  • Reliance Industries Ltd (RIL) has invested $13 billion in acquisitions over the past five years.
  • The strategy reflects a shift from traditional oil and petrochemicals towards clean energy and consumer-focused sectors.
  • Recent acquisitions include Karkinos Healthcare, bolstering RIL's healthcare portfolio.
  • A Morgan Stanley report indicates that 14% of investments were in new energy and 48% in technology, media, and telecommunications.
  • Key acquisitions also include Hathway Cable and JustDial to enhance its digital and service offerings.

For more details, visit the original article here.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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