Dr Reddy’s Laboratories (RDY) has released an update.
Dr. Reddy’s Laboratories Ltd. has clarified its professional relationship with Agora Advisory Private Limited, stating it hired Mr. Dhaval Buch for leadership coaching services between October 2020 and April 2021 for a total fee of Rs. 6,58,000. The company emphasized that the engagement was a routine practice to support leadership transitions and was not related to any differential treatment by SEBI, as the coaching period ended before Ms. Madhabi Buch’s tenure as SEBI Chairperson.
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