Dr Reddy’s Laboratories (RDY) has released an update.
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Dr. Reddy’s Laboratories Ltd. has announced that its wholly-owned subsidiary, Aurigene Oncology Limited, has invested Rs. 2,08,62,912 in Clean Renewable Energy KK 2A Private Limited (CREL), acquiring a 26.99% stake to support the development of a solar power project. The investment, which is not a related party transaction and is based on an independent valuation, aims to comply with Group Captive norms and bolster the company’s involvement in renewable energy.
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