Dr. Reddy’s gets nod to sell its investment in Imperial

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. Reddys Laboratories
Dr. Reddys 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.

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