Go Digit General Insurance invests Rs 30 crore in Dr Reddy’s Laboratories

Go Digit General Insurance has acquired a small stake in pharmaceuticals major Dr Reddy’s Laboratories through a cash infusion of Rs 30.06 crore, the insurance company said in a stock exchange filing today.

Go Digit, which offers general insurance products to consumers, will get a 0.32% stake in the company in lieu of the investment.

Incorporated back in 1984, Dr Reddy’s Laboratories Ltd is a pharmaceutical company offering a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical Services (CPS),…