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Micro Labs acquires Dr Reddy's Pondy plant

Our Bureau

Bangalore , Oct. 15

MICRO Labs has acquired a formulations plant at Pondicherry from Dr Reddy's Labs.

The company already has a facility close to the acquired one, which will supplement its manufacture of capsules and tablets, according to a release. "The main objective of acquiring this plant is to augment our production capacity," said Micro group MD, Mr Dilip Surana.

The group, which has a turnover of around Rs 450 crore, manufactures formulations like anti-bacterial, anti-fungal, anti-allergant, analgesic, cardiovascular, dermatological, psychotropic, gynaecological, anti-diabetic and neurological products.

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