India: Reliance expands healthcare portfolio with Netmeds deal

India: Reliance expands healthcare portfolio with Netmeds deal

Mukesh Ambani Photographer: Simon Dawson/Bloomberg

Reliance Industries Ltd’s latest acquisition of a 60% stake in online pharmacy Netmeds for 620 crore will not only strengthen its e-commerce play, but also add significantly to the healthcare portfolio that RIL is building on the back of Jio.