Reliance Industries Limited (RIL) has recently acquired healthcare startup Karkinos in an all-cash deal worth Rs 375 crore. This acquisition marks RIL’s foray into the healthcare sector, showcasing its commitment to diversifying its business portfolio.
Karkinos, a promising healthcare startup, offers innovative solutions in the healthcare industry. With this acquisition, RIL aims to leverage Karkinos’ expertise and technology to further enhance its presence in the healthcare sector.
The all-cash deal underscores RIL’s strong financial position and strategic approach to expanding its business operations. The acquisition of Karkinos is expected to bring significant value to RIL’s healthcare business, positioning the company for future growth and success.
Overall, this acquisition highlights RIL’s continued efforts to explore new opportunities and drive innovation in various sectors. With the addition of Karkinos to its portfolio, RIL is well-positioned to make a mark in the healthcare industry and deliver value to its stakeholders.