Reliance Industries' U.S. unit has bought a 21% stake in U.S.-based helium production company Wavetech Helium for $12 million, the conglomerate said on Thursday, in a move aimed at expanding its low-carbon energy segment.

Reliance Industries Ltd acquires a 21% stake in US-based Wavetech Helium Inc for $12 million, marking a strategic move in helium exploration. This acquisition aligns with Reliance's strategy to expand its low carbon solutions business.

WHI is a US-based helium gas exploration and production company engaged in the acquisition, exploration, and development of properties to produce helium gas from underground reservoirs.

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,

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.

As per the agreement, Reliance Finance and Investments will buy a 21 per cent stake for an aggregate consideration of $12 million