Dr Reddy's inks purchase pact for its assets in Netherlands

Dr Reddy's inks purchase pact for its assets in Netherlands

Dr Reddy's will also pay more than $12 million to the purchaser for site-related expenses.

FPJ Web DeskUpdated: Saturday, December 17, 2022, 01:09 PM IST
article-image
Dr Reddy's rewards employees with shares worth over Rs 1 lakh as stock options | Twitter- Dr Reddy's

As per a regulatory filing, pharma company Dr Reddy's has informed that its subsidiary Dr Reddy's Research and Development, has signed an asset purchase agreement for its facility in the Netherlands.

As part of the pact that includes transfer of employees, Dr Reddy's will also pay more than $12 million to the purchaser for site-related expenses.

RECENT STORIES

India Emerges As A Global Leader In Seafood Exports, Supplying To 132 Countries, Aims To Double...

India Emerges As A Global Leader In Seafood Exports, Supplying To 132 Countries, Aims To Double...

National Consumer Helpline Launched To Address Queries & Complaints Related To GST 2.0 Reforms

National Consumer Helpline Launched To Address Queries & Complaints Related To GST 2.0 Reforms

India Crosses Advanced Design & Manufacturing Milestone With Upcoming 2NM Chip Production

India Crosses Advanced Design & Manufacturing Milestone With Upcoming 2NM Chip Production

'Return To US..': Tech Giants Amazon & Microsoft Urge H-1B Visa Holder Employees To Come Back Amid...

'Return To US..': Tech Giants Amazon & Microsoft Urge H-1B Visa Holder Employees To Come Back Amid...

National Consumer Helpline Now Accepts GST-Related Complaints In 16 Languages To Address Queries And...

National Consumer Helpline Now Accepts GST-Related Complaints In 16 Languages To Address Queries And...