Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail acquired a controlling 60% stake in NetMeds parent Vitalic Health for ₹620 crore, marking its entry into e-pharmacy to challenge Amazon and PharmEasy. The deal proceeds amid regulatory uncertainty and opposition from chemist bodies, with Vitalic posting a net loss of ₹184.3 crore in FY20.
Reliance Retail acquired a 60% stake in NetMeds parent Vitalic Health for ₹620 crore, entering e-pharmacy to rival Amazon, amid regulatory uncertainty and chemist-body opposition.
Why this matters
The move extends Reliance Retail's aggressive expansion, with prior signals pointing to a path toward full ownership of NetMeds parent Vitalic Health by 2024 as it builds an e-pharmacy foothold.
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