Money & Banking

Dr Reddy's Labs acquires 100% stake in NBFC Imperial Credit

V Rishi Kumar Hyderabad | Updated on January 13, 2018 Published on March 05, 2017


Dr Reddy's Laboratories Ltd has announced the completion of the acquisition of 100 per cent stake in Imperial Credit Private Ltd, a non-banking finance company, based in Kolkata.

The acquisition has been made for a consideration of Rs 2.05 crore and the acquisition consummated on receipt of regulatory approvals.

The Hyderabad-based pharma major proposes to undertake the group's captive financial activities through this entity, it informed BSE.

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Published on March 05, 2017
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