Dr. Reddys Laboratories Ltd.

BSE: 500124 | NSE: DRREDDY
Large Cap | Pharmaceuticals & Drugs
1175.55
-10.90 (-0.92%)
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Dr. Reddy's arm sells membership interests in Dr. Reddy’s Laboratories Louisiana

Date: 24-03-2025

Dr. Reddy's Laboratories’ wholly owned subsidiary -- Dr. Reddy’s Laboratories Inc., USA has successfully completed the sale of all issued and outstanding membership interests in its wholly owned subsidiary -- Dr. Reddy’s Laboratories Louisiana including the manufacturing facility located in Shreveport, Louisiana, USA.

Consequently, Dr. Reddy’s Laboratories Louisiana has ceased to be a wholly owned subsidiary of Dr. Reddy’s Laboratories Inc. and a step-down wholly owned subsidiary of Dr. Reddy’s Laboratories.

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.