Reliance Industries acquired majority stake in Netmeds for Rs 620 crore (Reliance Retail). In June 2021, Tata Digital had acquired the online pharmacy 1MG for a cash consideration of Rs 720 crore, and then launched its own diagnostics wing.
Plummeting margins post the pandemic and rising competition from new entrants have forced organised diagnostic players to go back to the drawing board in their search for growth - Issue Date: Oct 30, 2022
Adani group’s involvement in healthcare is now new. Adani Foundation is the CSR arm of the Adani Group which is committed to community health, along with other social areas like education.