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Dr Reddy’s Laboratories has acquired 100 percent stake in Imperial Credit Private Ltd which is a Kolkata based non-banking finance company.
The acquisition has been for a consideration of Rs 2.05 crore.
Dr Reddy’s Laboratories has said in a regulatory filing that “The acquisition process was consummated on receipt of applicable regulatory approvals. The company proposes to undertake the group’s captive financial activities through this entity.”
