The American prosecution has accused Adani of giving bribes, due to which there is a tussle going on between Adani and American agencies. Amidst all this, Mukesh Ambani has cracked a big deal in America and he has become a 21 percent shareholder in a company.
The company in which Mukesh Ambani has bought 21 percent stake, explores and produces helium gas. Here we will tell you how Mukesh Ambani has made this deal with the American company for how many crores of rupees and how he will benefit from it.
Deal made for 12 million dollars
Mukesh Ambani has bought 21 percent stake in American helium gas producing company Wavetech Helium for $12 million i.e. about Rs 101.33 crore. Reliance Industries informed the stock market about this on Thursday.
When was Wavetech Helium Company started?
WaveTech Helium Company was incorporated in the United States on May 2, 2021, and began commercial operations in 2024, with the company acquiring assets and beginning helium production.
Where is helium gas used?
The helium produced by Wavetech company is used for medical science, scientific research, aerospace and aviation, fiber optics and electronics. In the future, helium can also be used for semiconductor production along with the expansion of AI and data centers.
The acquisition is part of the company’s strategy to expand its exploration and production business into low carbon solutions, the company said. The company said that no government or regulatory approval was required for the above transaction.
Why is Reliance focusing on helium?
Reliance is focusing on sources of energy with low carbon emissions. So that there is no problem in the coming days. Along with this, the use of helium will increase rapidly in future, because its use will be necessary for AI and data centers. It will also be used in making computer chips. Therefore, Reliance is investing in this sector timely and preparing to earn profits in the future.