Explanation:

• PharmEasy, an online medical platform, has acquired its rival Medlife, to create India’s largest online pharmacy. 
• Medlife has now ceased to operate with effect from May 25, 2021, following the merger with PharmEasy.
• With this acquisition, Medlife users will automatically become PharmEasy users. 
• API Holdings, the parent of PharmEasy, has acquired 100 percent equity shares of Medlife in return for 19.59 percent equity share capital, estimated at $250 million.