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Go Digit Invests INR 30 Cr In Dr Reddy’s

Summary by Inc42 Media

Insurtech major Go Digit has invested INR 30 Cr in pharmaceutical major Dr. Reddy’s Laboratories, acquiring a 0.32% stake in the company. “The investment in shares is being made in the ordinary course of the investment function of the company,” Go Digit said in an exchange filing. Insurance companies invest a part of their premiums in government securities, stocks listed on stock exchanges, among others, to generate income. Founded in 1984, Dr.…

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Go Digit invests Rs 30 Cr in Dr. Reddy’s Lab

Insurtech company Go Digit has invested Rs 30 crore in pharmaceutical major Dr. Reddy’s Laboratories, acquiring a 0.32% stake in the company. “The investment in shares is being made in the ordinary course of the investment function of the company,” Go Digit said in an exchange filing. Established in 1984 by Kallam Anji Reddy, Dr. Reddy's Laboratories is an Indian multinational pharmaceutical company that manufactures and markets affordable medi…

1 month ago

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