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, gaining full control of subsidiaries. The move escalates e-pharmacy competition with Amazon, PharmEasy and MedLife amid regulatory uncertainty and druggist opposition.
Reliance Retail acquired 60% of Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, gaining full control of subsidiaries and stepping up e-pharmacy competition with Amazon, amid regulatory uncertainty and druggist opposition.