Reliance Retail Acquires Majority Stake in Leading Digital Pharma Market Place Netmeds – Reliance Retail buys large share of online drug selling company Netmeds

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.

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.