Reliance Retail Buys Majority Stake In Online Pharmacy Netmeds For Rs 620 Crore

Reliance Industries Limited (RIL) announced that its subsidiary Reliance Retail Ventures Limited (RRVL) acquired a majority stake in the Chennai-based Vitalic Health Pvt. Ltd. and its subsidiaries (collectively known as 'Netmeds') for Rs 620 crore. The investment represents 60 per cent holding in the equity share capital of Vitalic and 100 per cent direct equity ownership of its subsidiaries, including Tresara Health Private Limited,...