LIC increases stake in Dr. Reddy's, crosses 10% ownership

Life Insurance Corporation of India (LIC) has disclosed a substantial acquisition of shares in Dr. Reddy's Laboratories Ltd., as per Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquisition took place between June 3, 2025, and October 15, 2025, through market purchases.

Prior to the acquisition, LIC held 68,559,072.00 shares, representing 8.214% of the total share/voting capital. Through this latest transaction, LIC acquired an additional 17,140,819.00 shares, which accounts for 2.054% of the company's capital.

Following the acquisition, LIC's total holding in Dr. Reddy's Laboratories Ltd. now stands at 85,699,891.00 shares, translating to a 10.268% stake in the company. The equity share capital and total voting capital of Dr. Reddy's Laboratories before and after the acquisition remain unchanged at 83,45,81,775.00.