Reliance Retail acquires Indian online pharmacy Netmeds for $83m

Reliance Retail acquires Indian online pharmacy Netmeds for $83m

Bloomberg Creative Photos/Bloomberg

Reliance Industries Limited through its wholly-owned subsidiary Reliance Retail Ventures Limited (RRVL) has acquired majority equity stake in Chennai-based Vitalic Health Pvt. Ltd. and its subsidiaries (collectively known as ‘Netmeds’) for approximately 620 crore ($83 million) in cash.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter