Reliance Retail buys 60% of NetMeds parent for ₹620 crore, targets full ownership by 2024
Reliance Retail acquired a 60% equity stake in Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, with plans to reach majority ownership by 2024. The move intensifies e-pharmacy competition with Amazon, PharmEasy and Medlife amid ongoing regulatory uncertainty.
Reliance Retail acquired 60% of Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, with plans to reach full ownership by 2024, intensifying e-pharmacy competition with Amazon amid regulatory uncertainty.