Mukesh Ambani's Reliance Industries Acquires 21% Stake in Wavetech Helium For Rs 100 Crore

Reliance Finance and Investments USA LLC, a subsidiary of Reliance Industries, acquired a 21% stake in US-based Wavetech Helium for $12 million (Rs 100 crore) on November 27, 2024. The investment aims to expand its low-carbon exploration business. Wavetech produces helium, crucial for various industries, including AI and semiconductor manufacturing.