Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of India's most valuable company, completed the acquisition of Karkinos Healthcare with allotment of requisite shares, the firm said in a stock exchange filing.
Karkinos was incorporated in India on July 24, 2020, and is in the business of providing technology-driven innovative solutions for the early detection, diagnosis, and management of cancer. It had a turnover of about ₹22 crore in the 2022-23 fiscal.
"Reliance Strategic Business Ventures has on December 27 subscribed to and has been allotted 1 crore equity shares of ₹10 each, for cash, aggregating ₹10 crore and 36.5 crore optionally fully convertible debentures of ₹10 each, for cash, aggregating ₹365 crore of Karkinos," the filing said.
This story is from the December 29, 2024 edition of Financial Express Chennai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 29, 2024 edition of Financial Express Chennai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Bajaj Auto topples Ola
TO COUNTER THESE challenges, Ola Electric opened 3,200 new stores in a single day last week, bringing its total network to 4,000 showrooms and service centres nationwide.
Market share cap for UPI postponed by two years
THE TWO FIRMS processed a combined 13.1 billion transactions in November, the data showed.
Naxals trying to expand without success: MHA
FACING TOUGH ACTION from security forces, the Naxals are making efforts to expand to new areas along inter-state borders but without any notable success, the latest report from the home ministry has said.
Biren concludes 2024 with an apology: 'I want to say sorry'
Says we have to start a new life, a peaceful Manipur
'AI and marketing make a powerful combination'
EVP & CHIEF DELIVERY OFFICER, INFOSYS
Build relationships to cement success...
...and some more ideas to defend your market
Audit needs to be proper
Global investors will look for transparent accounting, best practices are a must
Navigating trade challenges
IN 2025, INDIA'S TRADE POLICY SHOULD FOCUS ON SERVICES, US AND JOINING THE CPTPP
Let the rupee find its own level
Seeking elusive stability in the exchange rate while the economy remains open to capital flows entails a relatively less independent monetary policy to boost growth
How Musk Planted Himself at Trump's Doorstep
ELON MUSK plays many roles with President-elect Donald J. Trump. He is Trump's most important donor, most influential social media promoter and a key adviser on policy and personnel.
