Dr. Reddy's Laboratories expands global presence with Jamaican subsidiary

Dr. Reddy's Laboratories has taken a significant step in its global expansion by establishing a wholly-owned subsidiary in Jamaica. Named “Dr. Reddy’s Laboratories Jamaica Limited”. The Jamaican subsidiary's primary focus will be on pharmaceutical operations, encompassing tasks such as importation, warehousing, distribution, and the export of pharmaceutical products. 

 

Dr. Reddy's Laboratories SA, based in Switzerland and wholly-owned by the parent company, maintains full ownership of this new venture. The subsidiary begins with an authorized capital of $5,000,000, backed by an initial paid-up capital of $3,000,000.

 

In terms of regulatory compliance, the establishment of the subsidiary adheres to all necessary requirements, having received approvals from the Pharmacy Council of Jamaica. The subsidiary was officially incorporated on September 25, 2023.

Top stories
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read . 02 Aug 2024 . 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read . 02 Aug 2024 . 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read . 02 Aug 2024 . 12:36 PM

Related Blogs
blog-logo

Economy

blog-logo

14 mins read . 08 Nov 2024

Hindustan Unilever History

  • 0 people read
blog-logo

Economy

blog-logo

8 mins read . 08 Nov 2024

What is Fiat Money

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions