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Reliance Industries forays into Healthcare

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Reliance Industries (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 Fortis Healthcare. According to industry sources,
“Mukesh Ambani 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 Reliance Wellness, which stocks a range of health products.”