22.07.2015 Views

Good Health Can’t Wait.

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>Good</strong> <strong>Health</strong> <strong>Can’t</strong> <strong>Wait</strong>.<br />

Dr. Reddy’s Laboratories Limited<br />

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />

(All amounts in Indian Rupees millions, except share data and where otherwise stated)<br />

2.44: ACQUISITION OF SELECT ESTABLISHED BRAND PORTFOLIO OF UCB<br />

On 1 April 2015, the Company entered into a definitive agreement with UCB India Private Limited and other UCB group companies (together referred to<br />

as “ UCB”) to acquire a select portfolio of established products business in the territories of India, Nepal, Sri Lanka and Maldives. The said business was<br />

acquired on a slump sale basis. The transaction includes approximately 350 employees engaged in operations of the India Business. The acquisition is<br />

expected to strengthen the Company’s presence in the areas of Dermatology, Respiratory and Pediatrics. The total purchase consideration was ` 8,000.<br />

The acquisition is expected to be closed in the first quarter of the financial year 2015-16.<br />

2.45: COMPARATIVE FIGURES<br />

Previous year’s figures have been regrouped / reclassified wherever necessary, to conform to current year’s classification.<br />

As per our report of even date attached<br />

for B S R & Co. LLP<br />

Chartered Accountants<br />

for and on behalf of the Board of Directors of Dr. Reddy’s Laboratories Limited<br />

Firm Registration No.: 101248W/W-100022<br />

Supreet Sachdev<br />

Partner K Satish Reddy Chairman<br />

Membership No.: 205385 G V Prasad Co-Chairman & Chief Executive Officer<br />

Place : Hyderabad Saumen Chakraborty President & Chief Financial Officer<br />

Date : 12 May 2015 Sandeep Poddar Company Secretary<br />

220

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!