In another major business move by Reliance Industries Ltd chairman Mukesh Ambani, the conglomerate has acquired a 21 percent stake in Wavetech Helium Inc -- a US-based helium gas exploration and production company -- for a whopping $12 million.

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.

Reliance Industries Ltd on Thursday said it has acquired a 21 per cent stake in US helium gas exploration and production company Wavetech Helium Inc for USD 12 million. "Reliance Finance and Investments USA LLC,