Reliance Industries Limited's retail arm has acquired a majority equity stake in online e-pharma company Netmeds for about Rs 620 crore. Foraying into the e-pharma business, Mukesh Ambani-led company will now take on Amazon which entered the market last week. In an announcement late Tuesday, the oil-to-retail conglomerate said Reliance Retail Ventures has acquired a majority stake in Vitalic Health Pvt Ltd and its subsidiaries -- collectively known as Netmeds -- for a cash consideration of around Rs 620 crore.from IndiaTV: Google News Feed https://ift.tt/3hbgVfw
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