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 Kochi.
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This story is from the December 29, 2024 edition of Financial Express Kochi.
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