COVID-19 Impact: Dr Reddys, Wockhardt alter Rs 1850 crore deal terms
Subsequently, through an amendment to the BTA, Dr.Reddys and Wockhardt that 1,483 crore would be paid on the date of closing the deal consideration, and the rest would be through different ways, the release said.;
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New Delhi: Dr.Reddy's Laboratories Ltd on Wednesday announced that it has completed the acquisition of select divisions of WockhardtNSE -0.06 % Limiteds branded generics business in India and a few other international territories of Nepal, Sri Lanka, Bhutan and Maldives.
The business comprises a portfolio of 62 brands in multiple therapy areas such as Respiratory, Neurology, VMS, Dermatology, Gastroenterology, Pain and Vaccines, which would transfer to Dr Reddys along with related sales and marketing teams and a manufacturing plant located in Baddi, Himachal Pradesh with all plant employees, a press release from the drugmaker said.
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