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| 1. |
Which company acquired 60% stake in vitalic health pvt ltd & 100% direct ownership of Netmeds? |
| Answer» Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired 60% equity stake in Vitalic Health Pvt Ltd(Vitalic) and 100% direct equity ownership of its subsidiaries namely Tresara Health Private Limited, Netmeds MarketPlace Limited and Dadha Pharma Distribution Pvt Limited(collectively known as Netmeds)for a cash consideration of around Rs 620 crore(USD 83.08 million). The deal values Netmeds around Rs 1,000 crore. | |