Reliance Retail Ventures Limited Acquisition

Reliance Retail has now acquired sole control of local search engine platform Just Dial Limited, in accordance with SEBI regulations with effect from September 1

Reliance Industries Limited: Reliance Industries on Saturday announced the acquisition of the retail, wholesale, logistics and warehousing businesses of the Future Group for Rs 24,713 crore.

Reliance Industries Limited (RIL) announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd. ("Vitalic") and its subsidiaries collectively known as 'Netmeds' for a cash consideration of approximately Rs 620 crores.

The investment represents 60 per cent holding in the equity share capital of Vitalic and 100 per cent direct equity ownership of its subsidiaries, including Netmeds.

Reliance Retail has now acquired sole control of local search engine platform Just Dial Limited, in accordance with SEBI regulations with effect from September 1

Reliance Industries Limited: Reliance Industries on Saturday announced the acquisition of the retail, wholesale, logistics and warehousing businesses of the Future Group for Rs 24,713 crore.

Reliance Industries Limited (RIL) announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd. ("Vitalic") and its subsidiaries collectively known as 'Netmeds' for a cash consideration of approximately Rs 620 crores.

The investment represents 60 per cent holding in the equity share capital of Vitalic and 100 per cent direct equity ownership of its subsidiaries, including Netmeds.