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Hyderabad, Aug 8

Pharma major Dr Reddy’s Laboratories has withdrawn a proposed issue of 8.41 million share warrants on a preferential basis to promoters firm Dr Reddy’s Laboratories Holdings Ltd. “The warrants were withdrawn as the founding company did not exercise the option to acquire shares,” a spokesperson of Dr Reddy’s said. The shareholders of the company had approved the board of directors decision to issue share warrants to the promoters in the Annual General Body held on July 22.

— Our Bureau

More Stories on : Preferential Allotments | Pharmaceuticals | Dr. Reddy's Laboratories Ltd

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