PharmEasy parent API Holdings strengthens board ahead of IPO

New Delhi: API Holdings, the parent firm of India’s biggest online pharmacy PharmEasy, has appointed five independent directors to its board, ahead of its initial public offering later this fiscal.

PharmEasy is likely to file its draft IPO papers by next month, ET reported on August 27.

Following the approval by its shareholders—along with the resignation of several investor nominee directors—API Holdings’ board now has a total of 12 members including the five independent directors. They are:

Vineeta Rai, retired IAS officer former revenue secretary of India
Subramanian Somasundaram, former chief financial officer of Titan
Ramakant Sharma, founder and chief operating officer of Livspace