Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail acquired a majority 60% equity stake in Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, with plans to reach 100% ownership including a further 20% by 2024. The deal marks Reliance's entry into e-pharmacy to rival Amazon, PharmEasy and MedLife, amid regulatory pushback from chemist associations.
Reliance Retail acquired a 60% stake in Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, entering e-pharmacy to rival Amazon, amid regulatory opposition from chemist associations.
Why this matters
The NetMeds deal is Reliance Retail's push into e-pharmacy, with a stated path from 60% to full ownership by 2024, escalating its rivalry with Amazon, PharmEasy and MedLife in online healthcare.
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