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001122334455554433221100
001122334455554433221100

dr reddys laboratories invests 620 million in switzerland subsidiary for acquisition

Dr. Reddy's Laboratories has finalized a $620-million investment in its Switzerland subsidiary, Dr. Reddy’s Laboratories SA, by acquiring 6.2 million non-convertible preference shares. The funds will be utilized for acquiring Nicotinell and related brands from Northstar Switzerland SARL, owned by the Haleon Group. Additionally, the company faced a penalty of approximately Rs 28 lakh from the Mexican drug regulatory authority.
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