Dr. Reddy's Laboratories Limited Approves Incorporation of A Wholly-Owned Subsidiary of the Company
promoter group/group companies are not interested in the proposed WOS. Health and Wellbeing (medical nutrition, specialized nutrition, nutraceuticals, vitamins, minerals, herbals and supplements). The proposed WOS will carry on the business related to medical nutrition, specialized nutrition, nutraceuticals, vitamins, minerals, herbals and supplements, and related foods or drugs. The business of the proposed WOS is not outside the main line of business of the Company. The incorporation of the proposed WOS will be completed subject to receipt of approvals of the statutory/regulatory authorities as may be applicable. The necessary update will be given once the WOS is incorporated. Subscription of shares in the proposed WOS will be by way of cash consideration. The Company will be paying cash consideration to the proposed WOS towards subscription of 100% shareholding.