Reliance Industries Limited‘s sub-band Reliance Retail Venture Limited (RRVL) has acquired a majority equity stake in an online pharmaceutical tech – Netmeds. The company has acquired an equity stake of 60% that costs approximately Rs.620 crores in cash from Vitalic Health Pvt Ltd. RRVL Director Isha Ambani said, “This investment is aligned with our commitment to provide digital access for everyone in India.” She added saying, “We are impressed by Netmeds’ journey to build a nationwide digital franchise in such a short time and are confident of accelerating it with our investment and partnership.”
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Reliance acquires majority stake in online pharma tech Netmeds
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