• Welcome to OnlyTech Forums
    An online community for the tech enthusiasts!
    Log in or Register

Breaking Reliance Jio buys majority stakes in Netmeds

  • Thread starter iDJ
  • Start date
  • Replies: Replies 0
  • Views: Views 394

iDJ

Elite
Contributor
Joined
23 Aug 2018
Messages
18,614
Solutions
2
Reaction score
22,052
Reliance Industries (RIL) said on August 18 that it acquired 60 percent stake in online pharmacy Netmeds for Rs 620 crore in a deal that pits India’s largest company directly against e-commerce giant Amazon in a hotly contested space. The deal values Netmeds around Rs 1,000 crore.

The acquisition gives RIL’s retail unit Reliance Retail entry into a vertical e-commerce space, one of the few that has soared during the COVID-19 pandemic, in addition to its online grocery platform JioMart.

RIL buys Netmeds, sets up hot e-pharmacy contest with Amazon
 
Top Bottom
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock