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Dr Reddys announces cessation of subsidiary in Louisiana

24-Mar-2025, 01:48

Dr. Reddy's Laboratories Inc., USA, a wholly owned subsidiary of the Company, has successfully completed the sale of all issued and outstanding membership interests in its wholly owned subsidiary viz; Dr. Reddy's Laboratories Louisiana LLC, including the manufacturing facility located in Shreveport, Louisiana, USA, on March 21, 2025.

Consequently, Dr. Reddy's Laboratories Louisiana LLC has ceased to be a wholly owned subsidiary of Dr. Reddy's Laboratories Inc. and a step-down wholly owned subsidiary of Dr. Reddy's Laboratories effective from 21 March 2025.