SubscribeThis story is part of Forbes' reporting on India’s 100 Richest 2017. The same was true of India’s pharma sector, which was minting billionaires at a record rate. The pharma magnate is the biggest dollar loser this year, with his net worth falling by more than a fourth. Notable among the latter are the Reddy family (India’s 97th richest) of Dr. Reddy’s Laboratories and Murali Divi (India’s 77th richest) of Divi Laboratories. “From being a defensive play, the pharma sector has turned into a wealth destroyer,” says Arun Kejriwal, founder of Kris, a Mumbai investment advisory firm.

Source: Forbes October 05, 2017 00:45 UTC