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You are here : Moneycontrol » News » Business

DRL to buy back Perlecan stake from ICICI Vent, Citi: Srcs

Published on Mon, Jul 21, 2008 at 15:20 , Updated at Mon, Jul 21, 2008 at 17:54
Source : Sources

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Dr Reddy's will buy back the Perlecan Pharma shares from ICICI Ventures and Citi, reports CNBC-TV18 quoting sources. The pharma major will buy shares in the range of mid - Rs 50 per share, sources added.

 

Dr Reddy's will hold 100% stake in Perlecan Pharma post the buyback sources said. Perlecan had dropped three new chemical entities from research, sources added.

 

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