Acquisition History / Reliance Industries Ltd (Reliance Strategic Business Ventures) / Karkinos Healthcare Pvt Ltd
Reliance Industries Ltd (Reliance Strategic Business Ventures) Acquires Karkinos Healthcare Pvt Ltd
Announced December 28, 2024 — $42.4M
What happened
Reliance Strategic Business Ventures, a wholly owned Reliance Industries subsidiary, completed the acquisition of Karkinos Healthcare by subscribing to about 1 crore shares and optionally fully convertible debentures for Rs 375 crore. Karkinos, incorporated in 2020, provides technology-led early detection, diagnosis and management of cancer and had turnover of roughly Rs 22 crore in FY23.
- Target
- Karkinos Healthcare Pvt Ltd
- Announced
- December 28, 2024
- Price
- $42.4M
- Industry
- Oncology care technology platform
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Reliance Industries Ltd (Reliance Strategic Business Ventures) acquire Karkinos Healthcare Pvt Ltd?
Reliance Industries Ltd (Reliance Strategic Business Ventures) acquired Karkinos Healthcare Pvt Ltd on December 28, 2024. This was Reliance Industries Ltd (Reliance Strategic Business Ventures)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Reliance Industries Ltd (Reliance Strategic Business Ventures) pay for Karkinos Healthcare Pvt Ltd?
Reliance Industries Ltd (Reliance Strategic Business Ventures) paid $42.4M for Karkinos Healthcare Pvt Ltd.
What does Karkinos Healthcare Pvt Ltd do?
Reliance Strategic Business Ventures, a wholly owned Reliance Industries subsidiary, completed the acquisition of Karkinos Healthcare by subscribing to about 1 crore shares and optionally fully convertible debentures for Rs 375 crore. Karkinos, incorporated in 2020, provides technology-led early detection, diagnosis and management of cancer and had turnover of roughly Rs 22 crore in FY23.
What other Oncology care technology platform companies has Reliance Industries Ltd (Reliance Strategic Business Ventures) acquired?
Karkinos Healthcare Pvt Ltd is Reliance Industries Ltd (Reliance Strategic Business Ventures)'s only publicly tracked acquisition in Oncology care technology platform so far.