Dr. Reddy's gets nod to sell investment in Imperial

Dr. Reddys Laboratories Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 500124 | NSE: DRREDDY

01 Aug 2022 Evaluate

Dr. Reddy's Laboratories has received approval for proposal of sale of its investment in the Wholly-owned Subsidiary -- Imperial Credit (Imperial), a Non- Banking Finance Company (NBFC), subject to applicable regulatory approvals. Imperial Credit is not a material subsidiary of the company. Sale of investment is subject to approval of the Reserve Bank of India (RBI).

Dr. Reddy's Laboratories is a multinational pharmaceutical company based in Hyderabad, Telangana in India. It manufactures and markets a wide range of pharmaceuticals in India and overseas.

Peers

Company Name	CMP
Sun Pharma. Inds.	1835.00
Dr. Reddys Labs.	1149.75
Cipla	1361.00
Lupin	2055.35
Zydus Lifesciences	1099.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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