Have any companies in your local area been merged with other companies? What were the results?

Have any companies in your local area been merged with other companies?
What were the results?

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Expert Solution

Merger of reliance retail ventures limited(RRVL)and shares of vitalic health private limited.this deal has happened for the consideration of Rs 620 crore.

*effects

Now in this merger reliance is a major company.it is the giant company of india,while vitalic is a medium enterprise company.this company was going into loss and merger with reliance ventures has certainly helped vitalic in restoring the profitability level and also improving its sales with the partnership of reliance ventures.

Now affordable health facilities from vitalic is possible because of this merger.advance production technologies from reliance will make both the companies more efficient and the competitiveness of both the companies against the other companies in the market will increase.

Vitalic has online subsidiary known as netmeds.because of this merger online business of vitalic with the support from reliance digital platform and advance technology will increase to a great extent.

Rahul Sunny answered 1 year ago

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