Resurfacing a 2020 move: Reliance Retail's ₹620 crore purchase of 60% of NetMeds parent Vitalic Health
Reliance Retail acquired a 60% stake in Vitalic Health, parent of NetMeds, for ₹620 crore back in August 2020. The deal gave Reliance control of the e-pharmacy platform and advanced its digital-commerce push amid rapid online-pharmacy consolidation.
Reliance Retail acquired 60% of NetMeds parent Vitalic Health for ₹620 crore, gaining control of its subsidiaries and expanding into e-pharmacy. The transaction accelerates Reliance’s digital-commerce strategy amid online-pharmacy consolidation and unresolved Indian e-pharmacy regulation.
Why this matters
Reliance Retail's 2020 NetMeds acquisition predates its January 2023 move to take NetMeds offline with a first pharmacy store in Chennai, resurfaced in recent signals.
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