New Delhi, Aug. 27 -- On August 19th of the pandemic-stricken year, Reliance Industries, the global fortune 500 goliath of India, announced acquisition of a majority stake in 'Netmeds', one of the biggest e-pharmacists in India, through its subsidiary Reliance Retail. With this, Reliance has officially forayed into the much contentious space of online medicines.

Earlier on the same day, the largest e-pharmacy player in India 'PharmEasy' announced their prospective merger with a strong rival 'Medlife'. The proposed transaction involves PharmEasy acquiring a 100% stake in the holding company of Medlife (API Holdings), granting the acquiree a 19.59% equity stake. They have submitted their proposal to the country's anti-trust watchdog - The ...