Other Private Equity/Strategic Investments
RIL arm acquires 21% stake in US-based Wavetech Helium for $12-M
Publicly-listed Reliance Industries (RIL), via Reliance Finance and Investments USA LLC (RFIUL, a step-down wholly owned subsidiary), has picked up a 21% stake in Denver, CO (USA)-based Wavetech Helium, Inc. (WHI) for USD 12 million.WHI is engaged in the acquisition, exploration, and development of properties to produce helium gas from underground reservoirs. It controls Helium gas reserves (including proven) and resources in E-SE Colorado / W Kansas and NW Montana, two of the premier Helium fairways in the world.
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