You are here: Home » Companies » News
SAIL partners Apollo for healthcare services to employees, their families
icon-arrow-left
India to drive global gas demand post-slowdown, output to rise too: IEA
Business Standard

Dr Reddy's closes Wockhardt branded generics deal on modified terms

Under new terms, DRL to hold back Rs 300 crore and release it if the revenue from sale of the products forming part of the business undertaking during the 12 months post-closing exceeds Rs 480 cr

Topics
Dr Reddy's Laboratories Limited | Wockhardt

BS Reporter  |  Hyderabad 



Dr Reddy's
Under the new terms, an amount of Rs 1,483 crore would be paid on the date of closing.

Dr Reddy's Laboratories Limited today announced that it has completed the acquisition of select divisions of Limited's branded generics business in India and a few other international territories of Nepal, Bhutan and Maldives. The deal was completed along with certain changes in the original terms of agreement pertaining to the payment consideration.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, June 10 2020. 17:22 IST

RECOMMENDED FOR YOU

.