Which Indian giant recently acquired a majority stake in the e-pharma site Netmeds?

Hello Friends, here are the answers to today’s Amazon Quiz. Today’s quiz question is about an Indian giant that recently acquired a majority stake in the e-pharma website Netmeds?

Indian giant recently acquired a majority stake in the e-pharma site Netmeds

Question 4: Which Indian giant recently acquired a majority stake in the e-pharma site Netmeds?
Answer: Reliance

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Which Indian giant – Reliance, recently acquired a majority stake in the e-pharma site Netmeds. This deal happened just days after e-commerce giant Amazon launched an online drug sales service in India.

Netmeds is an e-pharma portal that offers authenticated prescription and over the counter medicine along with other health products in India. It was formally known as Vitalic Health Private Limited. Reliance has acquired 100% equity ownership of all Netmeds’ subsidiaries for INR 620 Cr ($83 Mn).

The addition of Netmeds enhances Reliance Retail’s ability to provide good quality and affordable health care products and services, and also broadens its digital commerce proposition to include most daily essential needs of consumers.
Isha Ambani – Director, Reliance Retail Ventures Ltd

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