Reliance Retail Acquires Majority Stake in Netmeds

Reliance Industries Ltd (RIL) has bought a majority stake in online pharmacy Netmeds for Rs. 620 crores, facing up to Amazon.com in the competition for the country’s fast-expanding online drug market. Specifically, RIL’s subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health (Vitalic) and its subsidiaries collectively known as …

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