Business Desk, Tech for FTCP, New Delhi
Updated Wed, 19 Aug 2020 12:50 AM IST
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Reliance Industries is going to further expand its retail business as well as expand its business in the online market. Reliance on Tuesday through its subsidiary Reliance Retail, Chennai-based Vitalic Health Pvt. Ltd and its subsidiary have bought a large stake in online pharmacy company Netmeds. According to the information, the company has bought this stake for about Rs 620 crore.
Reliance Retail acquires Vitalic Health Pvt. Ltd, with a 60 per cent holding in the equity share capital, as well as a 100 per cent direct equity ownership of its subsidiaries Tresara, Netmeds and Dadha Pharma.