Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail acquires a majority 60% stake in NetMeds parent Vitalic Health for ₹620 crore, marking its entry into e-pharmacy to challenge Amazon and PharmEasy. It plans to lift ownership to 100% by 2024 despite regulatory uncertainty around online pharmacies.
Reliance Retail bought a 60% stake in NetMeds parent Vitalic Health for ₹620 crore, entering e-pharmacy to rival Amazon. It plans to raise its stake to 100% by 2024 amid regulatory uncertainty over e-pharmacies.