Eris Lifesciences informed the exchange that it had acquired nine dermatology brands from Dr Reddy’s Laboratories for Rs 275 crore.
The acquired brands are in cosmetology segments like anti-acne, moisturisers, cleansers, anti-ageing, hair health, melasma etc, it said in a statement.
This acquisition will help Eris leap frog ahead in the branded cosmetology market and will help expand their portfolio.