Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.558)

558. 

Which company acquired 60% stake in vitalic health pvt ltd & 100% direct ownership of Netmeds?

[A]. Airtel
[B]. TATA
[C]. Reliance Retail Ventures Ltd
[D]. Amazon

Answer: Option C

Explanation:

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.

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