14:08 (IST) 25 Apr 2024Nestle India and Dr Reddy to form JVThe board of Nestle India has also approved the execution of the definitive agreement to form a joint venture with Dr Reddy’s Laboratories Limited to bring together the well-known global range of nutritional health solutions as well as vitamins, minerals and health supplements of Nestlé Health Science with the nutraceuticals portfolios, strong and established commercial strengths of Dr. Reddy’s in India and other geographies as may be agreed by the Parties.
The joint venture is expected to become operational in the second quarter of the financial year 2024-25, subject to customary closing conditions.
14:08 (IST) 25 Apr 2024
Nestle India and Dr Reddy to form JV
The board of Nestle India has also approved the execution of the definitive agreement to form a joint venture with Dr Reddy’s Laboratories Limited to bring together the well-known global range of nutritional health solutions as well as vitamins, minerals and health supplements of Nestlé Health Science with the nutraceuticals portfolios, strong and established commercial strengths of Dr. Reddy’s in India and other geographies as may be agreed by the Parties. The joint venture is expected to become operational in the second quarter of the financial year 2024-25, subject to customary closing conditions.
