Full Press Release Details
| Dr. Raddy's Laboratories Ltd. | |
| 8-2-337, Road No. 3, Banjara Hills, | |
| Hyderabad - 500 034, Telangana, | |
| India. | |
| CIN : L85195TG1984PLC004507 | |
| Tel : +91 40 4900 2900 | |
| Fax : +91 40 4900 2999 | |
| Email: mail@drreddys.com | |
| www.drreddys.com |
| Corporate Relationship Department | National Stock Exchange of India Ltd. | |||
| BSE Limited | "Exchange Plaza" | |||
| Dalal Street, Fort | Bandra-Kurla Complex, Bandra (East), | |||
| Mumbai - 400 001 | Mumbai - 400 051 | |||
| Fax Nos.: | 022-22723121 / 22723719 / | Fax Nos.: | 022-26598120/ 26598237/ | |
| 22722037 / 22722039 | 26598238 |
Sub: Appointment of Mr. Leo Puri as an Additional Director,
categorized as Independent, on the Board of the Company
Pursuant to Regulation 30 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Mr. Leo Puri has been appointed as
an Additional Director, categorized as Independent, on the Board of Dr. Reddy's Laboratories Ltd., for a period of five years,
effective October 25, 2018. His appointment is subject to approval of shareholders.
Mr. Leo Puri was the Managing Director
of UTI Asset Management Co. Ltd. from August 2013 to August 2018.
In his career of more than 30 years, Mr.
Puri has previously worked as Director with McKinsey & Company and as Managing Director with Warburg Pincus. Mr. Puri has worked
in the UK, USA and Asia. Since 1994, he has been based in India. At McKinsey, he has advised leading financial institutions, conglomerates
and investment institutions in strategy and operational issues. He has contributed to the development of knowledge and public policy
through advice to regulators and government officials.
At Warburg Pincus, he was responsible for
leading and managing investments across industries in India. He also contributed to financial services investments in the international
portfolio as a member of the global partnership.
Mr. Puri has a Master's degree in
P.P.E. from University of Oxford, and a Master's degree in Law from University of Cambridge.
Mr. Puri has held non-executive board positions
at Infosys, Bennett Coleman & Co., Max New York Life and Max Bupa Health Insurance. He is a also director on the Board of Hindustan
Mr. Puri is not related to any of the Directors
on the Board of the Company. Further to Stock Exchange Circular dated July 20, 2018, it is hereby confirmed that Mr. Puri is not
debarred from holding the office of director by virtue of any SEBI order or any other such authority.
This is for your information and records.
| /s/ Sandeep Poddar | |
| Sandeep Poddar | |
| Company Secretary |
CC:- New York Stock Exchange Inc.(Stock Code :RDY)