Reliance Retail procures Netmeds stake –
On 18th August 2020, Reliance Retail Ventures Ltd has procured a major part of Netmeds stake for 620 crore rupees. The deal includes almost 60 per cent holding in the equity share capital of Vitalic and buys direct ownership of its subsidiaries such as Tresara Health Private Ltd, Netmeds Market Place Ltd and Dadha Pharma Distribution Pvt Ltd.
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Its subsidiary is also running an online pharmacy platform – Netmeds that is helping to connect customers to pharmacists and also enables door step delivery facilities of medicines, nutritional health and wellness products.