Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail enters e-pharmacy with a majority stake in NetMeds parent Vitalic Health, gaining full ownership of subsidiaries and plans to lift its stake by 2024. The move sets up a direct fight with Amazon, PharmEasy and Medlife amid regulatory uncertainty over online pharmacies.
Reliance Retail acquired a 60% stake in NetMeds parent Vitalic Health for ₹620 crore, entering e-pharmacy to rival Amazon. Deal grants full ownership of subsidiaries, with plans to raise stake by 2024, amid regulatory uncertainty around e-pharmacies.