HYDERABAD, NOV 19:
Aurobindo Pharma Ltd' s Director and Vice-Chairman, K Nityananda Reddy, escaped unhurt in an attempt on his life on Wednesday morning.
A 30-year-old miscreant, armed with an AK-47 gun, confronted Reddy when he boarded his car after his morning walk at the KBR Park here.
Since Reddy was alert, he pushed him back after which he opened the fire. However, Reddy escaped and the miscreant ran away leaving the weapon.
The police is investigating into the incident and the motive of the attack and the identity of the attacker are yet to be established.
The KBR Park in the posh Jubilee Hills here is a favourite spot for morning walk for the city elite and industrialists.
When contacted, one of the directors of the company told BusinessLine that Reddy was completely safe.
In 2012, the Central Bureau of Investigation (CBI) had also included Reddy as one of the accused in its chargesheet in the illegal assets case of YSR Congress Party president Y S Jaganmohan Reddy.
Aurobindo Pharma scrip lost 1.03 per cent on the Bombay Stock Exchange and was trading at Rs. 1,130.50.
The company posted a 58 per cent increase in net profit at Rs. 372 crore in the second quarter ended September 30, 2014 on a 50 per cent growth in revenue at Rs. 2,881 crore compared to the year-ago period.
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