COVID-19: Pharma major Lupin announces Rs 21 cr for relief efforts
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COVID-19: Pharma major Lupin announces Rs 21 cr for relief efforts

Agency News

Pune Apr 11: Pharma major Lupin on Saturday announced a contribution of Rs 21 crore for relief efforts directed towards mitigating the COVID-19 crisis.

Lupin's Global Giving Programme comprises of three separate contributions made by its employees, the company and the promoter family. Lupin's employees have contributed by giving two days of their individual salaries, together contributing a sum of Rs 5.5 crore to the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). Lupin has matched an equal sum of Rs 5.5 crore for direct initiatives that the company will implement to support overburdened national and state healthcare systems through the donation of personal protective equipment, medicines and providing meals for front-line workers and the needy.

In addition, the promoter Desh Bandhu Gupta family has committed a sum of Rs 10 crore for other direct impact initiatives in India and elsewhere in the world to supplement Lupin's relief efforts to tackle the COVID-19 crisis.(UNI)

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