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Reliance Industries forays into Healthcare

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(RIL) plans to venture into the tertiary healthcare market by acquiring a stake in one of the domestic corporate hospital chains, Fortis. RIL has already sent feelers to brothers Malvinder and Sivinder Singh, promoters of . According to industry sources,
could be looking at buying around 26 percent stake in Fortis. While RIL is evaluating the scope of buying a stake in an existing hospital chain, it has not ruled out the greenfield route. It is also separately considering expansion of its concept stores branded , which stocks a range of health products.”