Reliance Spends $13 Billion on Five-Year Acquisition Spree

India’s Reliance has deployed $13 billion in acquisitions over the past five years, with 48% allocated to technology, media and telecom investments and 14% to new energy ventures. The conglomerate’s latest deal — acquiring cancer care platform Karkinos Healthcare for $42.7 million — adds to its growing healthcare portfolio as it seeks to build an integrated digital health ecosystem leveraging its distribution networks.