Business Standard

Chemists' body writes to Mukesh Ambani against RIL's investment in Netmeds

The letter has also been addressed to Prime Minister Narendra Modi, Union Home Minister Amit Shah, Commerce and Industry Minister Piyush Goyal and other top ministers and government officials.

Mukesh Ambani, Chairman & MD, RIL
Premium

RIL on Wednesday said that it has acquired a majority equity stake in Chennai-based Netmeds (Vitalic Health Pvt. Ltd) for a cash consideration of approximately Rs 620 crore

Peerzada AbrarT E Narasimhan Bengaluru
All India Organisation of Chemists and Druggists (AIOCD), which represents more than 850,000 members across the country, has written a letter to Mukesh Ambani, chairman and managing director of Reliance Industries Limited (RIL), against the company’s acquisition of majority stake in online pharmacy firm Netmeds.
 
The letter has also been addressed to Prime Minister Narendra Modi, Union Home Minister Amit Shah, Commerce and Industry Minister Piyush Goyal and other top ministers and government officials.
 
AIOCD said it is “very disheartening” to see that a company of Reliance Industries’ stature, has invested in an industry which is still illegal. It said

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 19 2020 | 10:51 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com