BRS Ventures makes headlines in its entrepreneurial journey, building trust and expanding growth opportunities. Here's a look at some of them.
India’s leading drug maker Dr Reddy’s Laboratories has decided to sell its active pharmaceutical ingredients (APIs) manufacturing facility located in Hyderabad’s Jeedimetla in favour of Therapiva, an emerging generics pharmaceutical firm. Therapiva is a joint venture between Omnicare Drugs India, a wholly-owned subsidiary of Abu Dhabi based Neopharma LLC, and Laxai Life Sciences Source: The […]
The Guwahati bench of NCLT on Thursday approved the Rs 12.14 billion resolution plan of Abu Dhabi-based BRS Ventures for acquiring the stressed assets of Assam Company (India) Ltd, which was brought under the insolvency resolution process in October last year. Under this plan, which is nearly 3.5 times the liquidation value of Assam Company, […]
Neopharma Inc., USA, a subsidiary of Abu Dhabi based UAE’ largest pharmaceutical manufacturer, Neopharma LLC, announced that in a 100 per cent ownership transfer, it has acquired from Dr. Reddy’s Laboratories, Inc. a subsidiary of Dr. Reddy’s Laboratories Ltd., which is an antibiotic manufacturing facility and its related assets in Bristol, Tennessee (US). Source: Khaleej […]
The US subsidiary of Abu Dhabi-based Neopharma has acquired an antibiotic manufacturing facility and its related assets in Bristol, Tennessee. This was done through an ownership transfer from Dr. Reddy’s Laboratories, Inc. The facility will continue providing oral penicillin-containing antibacterial products to patients in the United States. Currently, Neopharma has five pharmaceutical manufacturing facilities in […]
B.R. Shetty is a well-known business icon in the UAE. He is the Founder and Chairman of NMC Healthcare, Finablr, Neopharma and BRS Ventures. His professional growth in service-oriented businesses in the country has been phenomenal. “I came to the UAE with $8 in my pocket. I am grateful for the success that I have […]
The District Government Maternity and Children’s Hospital has stopped functioning and all the inpatients and outpatients of the hospital are being referred to the newly constructed 200-bed Koosamma Shambhu Shetty Memorial Haji Abdullah Mother and Child (KSSMHAMC) Hospital here from Tuesday. The State government had, in August 2016, allowed the BRS Health and Research Institute, […]
Drug maker Dr Reddy’s Laboratories on Monday said it had sold its antibiotic manufacturing facility and related assets in Bristol, Tennessee, to Abu Dhabi-based Neopharma. The company didn’t disclose the financial details of the sale. “This sale is in line with our stated priority to streamline and optimize our global cost structures and help us […]
Dr B R Shetty, a Kannadiga who is renowned internationally for having established industries in the Gulf country of UAE was conferred with the prestigious ‘Bharath Ratna Sir M Vishweshwaraiah Memorial Award – 2018’ by the Federation of Karnataka Chambers of Commerce and Industry (FKCCI). The award was presented to Dr B R Shetty by […]
The Unimoni Asia Cup 2018 trophy was unveiled at a quiet ceremony in Abu Dhabi. Khalid Al Zarooni, Emirates Cricket Board Vice-Chairman, Mubashshir Usmani, General Secretary, Emirates Cricket Board, Prabhakaran Thanraj, Marketing Manager, Board of Control for Cricket in India (BCCI) (who attended on behalf of both the BCCI and The Asian Cricket Council), Dr […]
Dr. B. R. Shetty was the Key Note Speaker at the recently concluded i5 Summit, Central India’s Largest Entrepreneurship Summit jointly organised by IIM & IIT Indore, which takes place at IIM Indore. Dr. Shetty shared snippets of his entrepreneurial journey and words of wisdom with the students from IIT and IIM.