Reliance Invests US$12mm in Colorado Based Wavetech Helium

Nov 28, 2024
3 min read

Reliance Industries, a major Indian conglomerate with a market capitalisation of ~US$250bn, has made a strategic entry into the helium sector acquiring a 21% stake in Wavetech Helium, a US helium private E&P company, for US$12mm (implied equity value of $57mm).

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