K. Nityananda Reddy co-founded Aurobindo Pharma with P.V. Ramaprasad Reddy and others in 1986 and is currently a wholetime director at the company.
The police seized an AK-47 gun and a few empty shells from the spot.
The incident took place around 7.15am when Reddy was returning from his morning walk at KBR Park in the Banjara Hills locality of Hyderabad when he was accosted by a man near his car. Police are yet to identify the person, Uday Kumar Reddy, assistant commissioner of police, Banjara Hills, said on the phone.
“After Mr. Reddy finished his morning walk, a person stopped him near the car door and threatened to kidnap him for money. Mr. Reddy then caught his weapon. His brother who was also coming from morning walk tried to stop the attacker from behind,” Reddy said.
After firing three rounds, the attacker fled the spot leaving behind his weapon in the car.
Sniffer dogs have been pressed into service to trace the attacker. Police are yet to ascertain if more persons are involved in the attack, police said.
“Suddenly, this man came and threatened me with the gun. I tried to catch hold of the weapon and also shouted for help and my brother tried to catch him. The person fired some rounds at my car before fleeing,” Press Trust of India quoted Nityananda Reddy as saying.
Nityananda Reddy co-founded Aurobindo Pharma with P.V. Ramaprasad Reddy and others in 1986 and is currently a wholetime director at the company. Aurobindo sells its products in more than 125 countries. It earned Rs.2,881.22 crore in revenue in the September quarter and net profit of Rs.372.18 crore.
Aurobindo shares fell 1.16% to Rs.1,129 on BSE at 11.57am, while the benchmark Sensex gained 0.07%.
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