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DR REDDYS LABORATORIES LTD — Major Shareholding Notification 2024
May 24, 2024
30528_rns_2024-05-24_5d05caaa-4bbd-44ac-a226-0c4a2e4a8d5a.pdf
Major Shareholding Notification
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Date: May 23, 2024
- To, 1) BSE Limited (Scrip Code: 500124) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai- 400001
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- National Stock Exchange of India Limited (Scrip Code: DRREDDY) Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Mumbai - 400 051
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- NSE IFSC Limited Unit No. 1201, Brigade International Financial Centre, 12th floor, Block-14, Road 1C, Zone-1, Gift SEZ, Gift City, Gandhinagar, Gujarat – 382355, India
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- New York Stock Exchange Inc. (NYSE) 11, Wall Street, New York, 10005, USA
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- The Company Secretary, Dr. Reddy's Laboratories Limited 8-2-337, Road No-3, Banjara Hills, Hyderabad-500034, Telangana, India.
Sub: Disclosure under Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations. 2011
Dear Sir/ Ma'am,
Pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the APS Trust (acting through its Trustees) wishes to inform that the APS Trust has transferred 3,43,45,308 (20.59%) shares of Dr. Reddy's laboratories Limited being the Target Company ("TC") to its beneficiaries, on May 22, 2024, through an off- market transfer without consideration in the following manner:
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- 1,51,26,124 (9.07%) shares were transferred from APS Trust to Mr. K Satish Reddy, being the beneficiary of the Trust.
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- 1,92,19,184 (11.52%) shares were transferred from APS Trust to Mr. G V Prasad, being the beneficiary of the Trust.
The transfer between the APS Trust and Mr. K Satish Reddy and Mr. G V Prasad is pursuant to exemption provided in Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and also, there will be no change in the total shareholding of the Promoter and Promoters Group after such inter-se transfer of shares of TC.
In compliance with the provisions of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, please find enclosed the disclosures in the specified format as required to be given for the said transfer of shares.
You are requested to take the same on records.
Thanking You.
Yours Faithfully,
(K. Satish Reddy) (G. V. Prasad) Trustees of APS Trust SATISH REDDY KALLAM Digitally signed by SATISH REDDY KALLAM Date: 2024.05.23 16:38:13 +05'30'
VENKATESWARA PRASAD GUNUPATI Digitally signed by VENKATESWARA PRASAD GUNUPATI Date: 2024.05.23 16:38:57 +05'30'
Encl: as Above
Disclosures under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
| 1 | Name of the Target Company (TC) | Dr. Reddy's Laboratories Limited | ||
|---|---|---|---|---|
| 2 | Name(s) of the seller/ and Persons Acting inConcert (PAC) with the seller | Seller/ transferor:APS Trust | ||
| 3 | Whether the seller belongs to Promoter/ | Yes | ||
| 4 | Promoter groupName(s) of the Stock Exchange(s) where theshares of TC are Listed | Equity shares are listed at:BSE LimitedNational Stock Exchange of India Limited | ||
| ADRs underlying equity shares are listed at:New York Stock Exchange Inc. (NYSE)NSE IFSC Limited | ||||
| 5 | Details of the acquisition /disposal as follows | Number | % w.r.t.totalshare/votingcapitalwhereverapplicable (*) | % w.r.t.totaldilutedshare/votingcapital of theTC (**) |
| Before the acquisitionunder consideration,holding of: | ||||
| a.Shares carrying voting rights(For details please refer Annexure – A) | 3,43,45,308 | 20.59 | 20.59 | |
| b.Shares in the nature of encumbrance(pledge/ lien/ non disposal undertaking/others) | 0 | 0.00 | 0.00 | |
| c.Voting rights (VR) otherwise than byshares | 0 | 0.00 | 0.00 | |
| d.Warrants/convertible securities/any otherinstrument that entitles the acquirer toreceive shares carrying voting rights in theTC (specify holding in each category) | 0 | 0.00 | 0.00 | |
| e.Total (a+b+c+d) | 3,43,45,308 | 20.59 | 20.59 | |
| Details of acquisition/ sale | ||||
| a.Shares carrying voting rights acquired/sold/transferred(For details please refer Annexure –A) | 3,43,45,308 | 20.59 | 20.59 | |
| b.VRs acquired/sold otherwise than byshares | 0 | 0.00 | 0.00 | |
| c.Warrants/convertible securities/any otherinstrument that entitles the acquirer toreceive shares carrying voting rights in theTC (specify holding in each category)acquired/sold | 0 | 0.00 | 0.00 | |
| d.Shares encumbered / invoked / released bythe acquirer | 0 | 0.00 | 0.00 | |
| e.Total (a+b+c+/-d) | 3,43,45,308 | 20.59 | 20.59 | |
| After the acquisition/sale, holding of: | ||||
| a.Shares carrying voting rights(For details please refer Annexure – A) | 0 | 0.00 | 0.00 | |
| b.Shares encumbered with the acquirer | 0 | 0.00 | 0.00 | |
| c.VRs otherwise than by shares | 0 | 0.00 | 0.00 |
| d.Warrants/ convertible securities/ any otherinstrument that entitles the acquirer toreceive shares carrying voting rights in theTC (specify holding in each category) afteracquisition | 0 | 0.00 | 0.00 |
|---|---|---|---|
| e.Total (a+b+c+d) | 0 | 0.00 | 0.00 |
| Mode of acquisition/ sale (e.g. open market /off-market / public issue / rights issue /preferential allotment /inter-se transfer etc). | Off-Market TransactionPromoter Group) | (lnter-se transfer between Promoters and | |
| Date of acquisition /sale of shares / VR ordate of receipt of intimation of allotment ofshares, whichever is applicable | May 22, 2024 | ||
| Equity sharecapital/ total voting capital ofthe TC before the said acquisition/ sale | 166,818,266 | sharesofaggregating INR 834,091,330/- | Rs.5/-each |
| Equity share capital/ total voting capital ofthe TC after the said acquisition/ sale | 166,818,266 | sharesofaggregating INR 834,091,330/- | Rs.5/-each |
| Total diluted share/voting capital of the TCafter the said acquisition | 166,818,266 | sharesofaggregating INR 834,091,330/- | Rs.5/-each |
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.
Digitally signed by VENKATESWARA PRASAD GUNUPATI Date: 2024.05.23 16:39:54
+05'30'
SATISH REDDY KALLAM Digitally signed by SATISH REDDY KALLAM Date: 2024.05.23 16:39:42 +05'30'
VENKATESWAR A PRASAD GUNUPATI
(K Satish Reddy) (G V Prasad) Trustees of APS Trust On behalf of APS Trust (Transferor)
Place: Hyderabad Date: May 23, 2024
Annexure – A
| Shareholdingofacquirers | Before the acquisition | After the acquisition | ||
|---|---|---|---|---|
| and PAC in TC (in terms ofnumber and % of the totalshare/ voting capital in TC | Number ofshares | % w.r.t. totalshare capitalof TC | Number ofshares | % w.r.t.totalshare capitalof TC |
| K Satish Reddy–Acquirer | 9,01,002 | 0.54 | 1,60,27,126 | 9.61 |
| G V Prasad–Acquirer | 0 | 0.00 | 1,92,19,184 | 11.52 |
| Person acting in concert | ||||
| Gunupati Venkateswara PrasadHUF | 25,43,418 | 1.52 | 25,43,418 | 1.52 |
| Anuradha Gunupati | 9,205 | 0.01 | 9,205 | 0.01 |
| Samrajyam Reddy Kallam | 11,20,499 | 0.67 | 11,20,499 | 0.67 |
| Kallam Satish Reddy HUF | 55,23,677 | 3.31 | 55,23,677 | 3.31 |
| Sharathchandra ReddyGunupati | 2,600 | 0.00 | 2,600 | 0.00 |
| Deepti Reddy Kallam | 5,140 | 0.00 | 5,140 | 0.00 |
| G Vani Sanjana Reddy | 5,140 | 0.00 | 5,140 | 0.00 |
| Gunupati Mallika Reddy | 5,139 | 0.00 | 5,139 | 0.00 |
| K Shravya Reddy | 0 | 0.00 | 0 | 0.00 |
| K Vishal Reddy | 0 | 0.00 | 0 | 0.00 |
| VSD Holdings & AdvisoryLLP | 0 | 0.00 | 0 | 0.00 |
| Seller(s) | ||||
| APS Trust | 3,43,45,308 | 20.59 | 0 | 0.00 |
| Total | 4,44,61,128 | 26.65 | 4,44,61,128 | 26.65 |
SATISH REDDY KALLAM Digitally signed by SATISH REDDY KALLAM Date: 2024.05.23 16:40:09 +05'30'
VENKATESWAR A PRASAD GUNUPATI Digitally signed by VENKATESWARA PRASAD GUNUPATI Date: 2024.05.23 16:40:29 +05'30'
(K Satish Reddy) (G V Prasad)
Trustees of APS Trust On behalf of APS Trust (Transferor/ seller)
Place: Hyderabad Date: May 23, 2024