NESTLE DR REDDY JV

Dr Reddy's invests Rs 734 crore in JV with Nestle India

Dr Reddy's Laboratories invested over Rs 734 crore for a 51 per cent stake in a joint venture with Nestle India, which invested Rs 705.6 crore for the remaining 49 per cent. The JV focuses on health and nutrition products in India and Nepal. The funds will be used to acquire nutritional health solutions from both companies, with products licensed for use.