Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail enters online pharmacy with a 60% stake in NetMeds' parent Vitalic Health for ₹620 crore, gaining full control of subsidiaries and targeting 100% ownership by 2024. The move pits Reliance against Amazon, PharmEasy and MedLife in India's e-pharmacy race.
Reliance Retail acquired a 60% stake in NetMeds' parent Vitalic Health for ₹620 crore, entering e-pharmacy to rival Amazon. Deal grants full control of NetMeds subsidiaries, with plans to raise ownership to 100% by 2024.