Reliance Retail acquires majority stake in Netmeds’ parent in Rs 620 Cr cash deal
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Reliance has announced the acquisition of a controlling stake in Netmeds. Reliance Industries Limited through its wholly-owned subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd. and its subsidiaries (collectively called Netmeds) for about Rs 620 crore in cash, valuing the company at nearly Rs 1,034 crore in the transaction.