Reliance to retail Dr Batra's drugs
Reliance Retail is learnt to be in talks with the country's largest homeopathic clinic chain Dr Batra's Clinic for a shop in the former's hypermarket chain.
By Khomba Singh, TNN |
NEW DELHI: Reliance Retail is learnt to be in talks with the country's largest homeopathic clinic chain Dr Batra's Clinic for a shop in the former's hypermarket chain. According to a source, initial round of talks have already started though the exact model of a possible tieup are yet to be worked out.
However, any prospective tieup is unlikely to see an equity deal. It is learnt that Dr Batra���s Clinic has turned down equity participation proposals from other retail chains in the past. The spokesperson for Reliance Retail could not be contacted for comments. Dr Batra���s Clinic promoter Mukesh Batra declined to comment on the developments.
The Rs 2,500-crore Reliance Retail already has its own healthcare chain ��� Wellness Store (currently six). Reliance Retail opened its first Wellness Store in Hyderabad last year. Besides a range of healthcare services, it also sells allopathic, ayurvedic and homeopathic medicines.
However, any prospective tieup is unlikely to see an equity deal. It is learnt that Dr Batra���s Clinic has turned down equity participation proposals from other retail chains in the past. The spokesperson for Reliance Retail could not be contacted for comments. Dr Batra���s Clinic promoter Mukesh Batra declined to comment on the developments.
The Rs 2,500-crore Reliance Retail already has its own healthcare chain ��� Wellness Store (currently six). Reliance Retail opened its first Wellness Store in Hyderabad last year. Besides a range of healthcare services, it also sells allopathic, ayurvedic and homeopathic medicines.
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Dr Batra���s Clinic currently has 54 clinics in 17 cities across the country and is on a strategic expansion mode over the next two years in India and few overseas markets. The tieup will help the clinic chain tap a huge customer base as Reliance Retail plans to set up 500 hypermarket stores by 2010 across the country.
Reliance will be able to offer a niche service following a tieup. The retail chain could also be able to sell a range of proprietary homeopathy products of Dr Batra���s. The company will soon start selling skincare medicines.
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