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

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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.

Published on March 05, 2017
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