Reliance invests in American Helium company to power its data centres, electronics, aerospace and other needs

Reliance Finance and Investments USA LLC (RFIUL), a wholly-owned subsidiary of Reliance Industries, has acquired a 21% stake in Wavetech Helium, Inc. (WHI), a US-based helium exploration and production company. FFIUL has entered into a stock purchase agreement with Wavetech Helium Inc and subscribed to a 21 per cent stake of WHI for an aggregate consideration of $12 million.