Reliance Retail Acquires Majority Stake in Netmeds
Reliance Industries Ltd (RIL) has purchased a majority stake in on-line pharmacy Netmeds for INR. 620 crores, facing as many as Amazon.com within the competition for the nation’s fast-expanding on-line drug market. Specifically, RIL’s subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health (Vitalic) & its subsidiaries collectively referred …