Dr Reddy's discusses the 'joint bid' for Cipla with Bain Capital

6 Sep 2023 , 01:48 PM

In a statement to the stock exchanges on Tuesday, Dr. Reddy’s stated that it does not comment on market rumors regarding private equity (PE) firm Bain Capital approaching the business to consider a combined bid for Cipla’s promoters’ interest.

According to Dr. Reddy’s remark, ‘There is currently no such event or information which requires a disclosure under SEBI Listing Regulations.’

‘The company makes prompt disclosure of any event or information, as and when any event or information is considered material or warrants such disclosure under the said regulation,’ the statement continued.

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