Reliance Industries purchased a 21% stake in US helium firm Wavetech Helium Inc for $12 million on November 27, 2024.

Reliance Industries, led by Mukesh Ambani, has bought a 21% stake in US helium company Wavetech Helium Inc for $12 million. This move supports Reliance's goal to expand into low-carbon solutions. Helium, used in medical, research, aerospace, and semiconductor industries, sees rising demand due to AI and data center growth. The deal, finalized on November 27, 2024, isn't a related-party transaction.

November 28, 2024
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