Dr Reddy forms joint venture with Nestle, to infuse Rs 734 crore
Pharma major Dr Reddy has formed a joint venture (JV) with Nestle Health Science Limited, where the former has a 51% stake. Nestle has invested 705.6 crore. The newly formed company would utilize the amount to acquire nutritional health solutions business or other resources from Dr. Reddy’s and Nestle India.
The new firm will focus on nutritional health solutions by combining strengths in metabolic, hospital nutrition, and wellness segments.
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