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Resurfaced report,first published
Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail acquired a 60% stake in Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, entering e-pharmacy to rival Amazon, with plans to raise ownership to 100% by 2024.
Reported figures
From the report. Source details below
| FY20 net loss | ₹184.3 crore |
|---|---|
| NetMeds net loss | ₹164.15 crore |
| additional 20% stake by | 2024 |
Other figures
- 19.59% ownership