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Dr. Reddy's ventures further into health and wellbeing with a new wholly-owned subsidiary

Sep 28, 2023

By: BlinkX Research Team

Dr. Reddy's Laboratories, is exploring new territory with its plans to establish a Wholly-owned Subsidiary (WOS), currently awaiting approval from India's Ministry of Corporate Affairs (MCA). 

The proposed WOS is set to have an authorized and paid-up share capital of Rs. 10,00,000/-. This strategic move marks a deeper foray into the Health and Wellbeing sector, with a specific focus on medical nutrition, specialized nutrition, nutraceuticals, vitamins, minerals, herbals, supplements, and related foods or drugs.

The incorporation of this WOS hinges on regulatory approvals, including MCA's green light, with the timeline for completion contingent on these critical permissions. The acquisition is structured as a cash consideration for 100% shareholding, and the company maintains arms-length relations, ensuring a transparent transaction.