Dr Reddy's invests Rs 734 crore in JV with Nestle India

Dr Reddy's Laboratories invested over Rs 734 crore for a 51% stake in a joint venture with Nestle India, which invested Rs 705.6 crore for the remaining 49%. The JV focuses on health and nutrition products in India and Nepal. The funds will be used to acquire nutritional health solutions from both companies, with products licensed for use.