Sale of wholly owned subsidiary7 April 2026 at 02:01 pm
Dr Reddy's Laboratories to Sell Wholly Owned Subsidiary, Svaas Wellness Limited
AI Summary
Dr Reddy's Laboratories Ltd has entered into an agreement for the sale of its entire shareholding in its wholly owned subsidiary, Svaas Wellness Limited. The transaction is expected to be completed on April 7, 2026, with a consideration of INR 2.23 Cr. Svaas Wellness Limited contributed ~0.09% to the consolidated turnover of Dr Reddy's Laboratories in FY 2025. The buyer, Enspirit Technology Services Private Limited, does not belong to the promoter/promoter group/group companies of Dr Reddy's Laboratories.
Key Highlights
- Dr Reddy's Laboratories to sell entire shareholding in Svaas Wellness Limited
- Transaction expected to complete on April 7, 2026
- Consideration for the sale is INR 2.23 Cr
- Svaas Wellness Limited contributed ~0.09% to Dr Reddy's Laboratories consolidated turnover in FY 2025
- Buyer, Enspirit Technology Services Private Limited, does not belong to promoter/promoter group/group companies of Dr Reddy's Laboratories