Acquisitions Are On Dr Reddy’s Menu

‘Healthy Balance Sheet’ Could Allow Firm To Move Fast On M&A

Dr Reddy’s indicates it is actively pursuing acquisitions, likely involving relatively smaller assets, across several key markets on the back of a “healthy” balance sheet. It is also progressing plans to position Russian COVID-19 vaccine Sputnik Light as a booster, which it believes could potentially be “part of life” hereon.

Puzzle
Dr Reddy's active on deal street • Source: Alamy

Expect mergers and acquisition action, albeit for “smaller assets,” by Dr. Reddy's Laboratories - the front-line Indian firm appears set to seal a deal or so sometime soon, if all goes per plan, going by senior management commentary at its fiscal third quarter earnings announcement.

Dr Reddy’s CEO Erez Israeli indicated that, in line with the company’s “aspiration and healthy balance sheet”, M&A remains an...

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