18/08/2020
Reliance Retail Ventures Ltd has acquired Netmeds for majority equity stake in Rs 620 Cr, as announced by Reliance Industries Limited.
This investment represents around 60% in the holding in the equity share capital of Vitalic and 100% direct equity ownership of its subsidiaries -- Tresara Health Private Limited, Netmeds Market Place Limited and Dadha Pharma Distribution Pvt Limited.
Vitalic Health and its subsidiaries are collectively known as Netmeds.
The addition of Netmeds will enhance Reliance Retail's ability to provide good quality and affordable healthcare products and services, and also broadens its digital commerce proposition to include most most daily essential needs of consumers.
Incorporated in 2015, Vitalic and its subsidiaries are in the business of pharma distribution, sales, and business support services. Its subsidiary also runs an online pharmacy platform – Netmeds – to connect customers to pharmacists and enable door step delivery of medicines, nutritional health and wellness products.
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04/08/2020
Top investors are eagerly waiting for in 2020 !!
The Initial Public Offer (IPO) market has picked up momentum after a gap of four months with Rossari Biotech shares making their bumper debut on BSE and NSE in July.
2019 saw a huge number of companies taking the IPO route to raise capital. Top companies that hit the primary market with initial public offerings (IPOs) last year included IRCTC, CSB Bank, Ujjivan Small Finance Bank, IndiaMart, Neogen Chemicals, Rail Vikas Nigam, Sterling and Wilson Solar, and Affle India among others.
India Inc might not be able to replicate its IPO performance but there are still a slew of big ticket share sales which may lighten up the mood of investors this year.
21/12/2019
The students of PGDM got the opportunity to learn Financial Modeling and Business Valuation in a two days workshop organised by FinCorp, the Finance Club of NMIMS Navi Mumbai.
The instructor, Mr. Tirthank Shah, with a vast experience of 11 years in the financial services industry and having worked for Tresvista, provided the students an in-depth knowledge regarding financial modeling and it's industry wide application supported by examples from the corporate world. The students value the contribution of the Sir which will be very beneficial in their career prospects. @ NMIMS, Navi Mumbai
