Aurobindo Pharma Promoter Nityananda Reddy Attacked, Shares Choppy

Aurobindo Pharma director and vice chairman K Nityananda Reddy was attacked by an unidentified man in the posh Banjara Hills area of Hyderabad today. (Track stock)

A man armed with an AK-47 tried to kidnap him from his car this morning, Police said. Three bullets were fired inside the car; nobody was injured. (Read the full story here)

Mr Nityananda Reddy, who is also one of the promoters, supervises the overall affairs of Aurobindo Pharma, India's fourth biggest drugmaker by market value. He has 4.72 per cent stake in the company, according to a recent statement on the BSE.

Shares in the company were volatile in morning trade. As of 09.40 a.m., Aurobindo Pharma traded 0.42 per cent lower at Rs 1,137.50 and underperformed the healthcare sub-index in the BSE, which was up 0.3 per cent. (Track shares)