Reliance Retail acquires majority stake in ‘Netmeds’

Mumbai: Reliance Industries Limited (RIL) on Wednesday announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd. (Vitalic) and its subsidiaries – collectively known as – ‘Netmeds’ for a cash consideration of approximately Rs 620 crore. This investment represents 60% holding in the equity share […]

Continue Reading