Pharm Easy, an e-pharma company has acquired Medlife and has become the India’s largest e-pharma Company. The deal values the stake of Medlife shareholders at $250 million, said a person close to the happening.
The deal makes Pharm Easy the largest player in the domestic online pharmacy sector, with the combined entity to serve 2 million customers a month.
According to Competition Commission of India (CCI), the proposed Combination relates to the acquisition of 100 percent equity shares of Medlife by API holdings, the parent of Pharm Easy, in return for 19.59 percent equity share Capital.
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