Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail acquires a majority stake in NetMeds' parent Vitalic Health for ₹620 crore, gaining full control of its pharmacy subsidiaries and entering the e-pharmacy race against Amazon and PharmEasy-backed MedLife. Move comes amid regulatory pushback from chemist bodies.
Reliance Retail acquires 60% stake in NetMeds parent Vitalic Health for ₹620 crore, gaining full control of its pharmacy subsidiaries and entering e-pharmacy to rival Amazon, amid regulatory pushback from chemist bodies.
Why this matters
The ₹620 crore, 60% stake in NetMeds parent Vitalic Health marks Reliance Retail's formal entry into e-pharmacy, expanding its consumer footprint into online healthcare against Amazon and MedLife.
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