Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail acquires a majority stake in NetMeds parent Vitalic Health, entering e-pharmacy to challenge Amazon and PharmEasy. The deal, targeting 100% ownership over time, faces regulatory headwinds as chemists' bodies contest the legality of online pharmacies.
Reliance Retail acquired a 60% stake in NetMeds parent Vitalic Health for ₹620 crore, entering e-pharmacy to rival Amazon. Deal faces regulatory uncertainty as chemists' bodies oppose e-pharmacies as illegal under current rules.