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LIC increases its stake in Dr Reddy's Laboratories to 7.7%

LIC increases its stake in Dr Reddy's Laboratories to 7.7%

LIC increases its stake in Dr Reddy's Laboratories to 7.7%
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By PTI Oct 3, 2022 11:26:22 PM IST (Published)

Between June 15, 2022, and September 30, 2022, LIC purchased 33,86,486 shares of DRL, aggregating a 2.034 percent stake from the open market, it added.

Dr Reddy's Laboratories Ltd on Monday said Life Insurance Corporation of India has increased its stake to 7.7 percent in the pharmaceutical firm through the purchase of 33.86 lakh shares from the open market over a period of time.

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Life Insurance Corporation of India (LIC) earlier held around a 5.65 percent stake in the company, Dr Reddy's Laboratories (DRL) said in a regulatory filing.
Between June 15, 2022, and September 30, 2022, LIC purchased 33,86,486 shares of DRL, aggregating a 2.034 percent stake from the open market, it added.
Subsequently, LIC's holding in the company stands at 7.7 percent, it added.
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