Reliance Industries (RIL) on August 18 announced the acquisition of a 60 per cent stake in online pharmacy Netmeds' parent company Vitalic Health for Rs 620 crore valuing it at Rs 1,000 crore. The acquisition gives RIL’s retail unit Reliance Retail entry into a vertical e-commerce space, in addition to its online grocery platform JioMart.
So, what will RIL's entry mean for the e-pharma space? Find out in this edition of 3 Point Analysis with Sakshi Batra.
Disclaimer: Reliance Industries (RIL), which also controls Jio Platforms, is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments that publishes Moneycontrol.
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