RELIANCE ACQUIRES MAJORITY STAKE IN ONLINE PHARMA STORE NETMEDS FOR $83.08

Highlights

• According to Reliance, its investment represents 60 percent holding in Vitalic Health Pvt. Ltd and 100 percent in its subsidiaries, Health Private Limited, Netmeds Market Place Limited and Dadha Pharma Distribution Pvt. Ltd

• Recently e-commerce giant Am...

SENSEX RISES 150 POINTS, NIFTY HOVERING AROUND 11,450

Highlights

• The S&P BSE Sensex is at 38,657.56, while the benchmark Nifty50 index is at 11,421.50

• State Bank of India was the top Sensex gainer in the first trading session with growth of 2 percent

• Total 32 companies including likes of CSB Ban...

RELIANCE INDUSTRIES LIMITED LIKELY TO ACQUIRE MILKBASKET AND URBAN LADDER

Highlights

• As per the reports, Reliance will take over Urban Ladder for a sum of $30 million

• Reportedly Urban Ladder was previously in talks with Flipkart and FabIndia for a potential sale

• Reliance is looking to strengthen its JioMart by taking o...

AFTER TELECOM AND ONLINE RETAIL, RIL PLANS TO TAKE OVER NETMEDS

Highlights

• Reliance Industries Limited (RIL) is likely to acquire Netmeds for around $120 million 

• Chennai-based Netmeds was founded in the year 2015 by Pradeep Dadha

• Until now, Netmeds has announced three rounds of funding worth $100 millio...