Wockhardt has divested parts of its branded generics business in India and certain international territories to Dr Reddy's Laboratories for INR18.50bn ($260m), ending long-running speculation around an imminent deal that is expected to help the Mumbai-based firm pare debt and provide liquidity for its remaining operations.
A deal has long been in the making and rumored suitors for the financially strained Wockhardt included private equity players...






