Dr Reddy’s Laboratories (RDY) has released an update.
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Dr. Reddy’s Laboratories Ltd. has announced the shareholder-approved voluntary liquidation of its non-material wholly-owned subsidiary, Imperial Owners and Land Possessions Private Limited, which will not have a significant impact on the company’s consolidated financials. The decision follows the subsidiary’s surrender of its NBFC registration with the RBI earlier in the year, aligning with regulatory compliance and operational streamlining. Details of the liquidation process are contingent on regulatory approvals and have been outlined in the company’s latest regulatory filing.
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