Full Press Release Details
National Stock Exchange of India Ltd. (Stock Code:
BSE Limited (Stock Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd. (Stock Code: DRREDDY)
of Certificate of Registration("CoR") by Reserve Bank of India of M/s Imperial Credit Private Limited ("Wholly Owned
Ref: Disclosure pursuant
to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations')
This is in continuation to our intimation dated March
23, 2023, wherein we have informed that M/s Imperial Credit Private Limited ("Imperial"), a Non-Banking Finance Company ("NBFC")
and a wholly-owned subsidiary of the Company, has decided to voluntarily surrender the Certificate of Registration (CoR) of Imperial,
as a Non-Banking Financial Company ("NBFC").
In furtherance to the above-mentioned communication,
we would like to inform you that the Reserve Bank of India vide its letter dated August 28, 2023, received on the same day, has
granted the approval for voluntarily surrender of the Certificate of Registration and communicated to Imperial regarding the cancellation
of the Certificate of Registration (CoR) in terms of Section 45-IA(6)(i) of the Reserve Bank of India Act, 1934, vide its order
dated August 24, 2023.
Kindly take the above on your record.
For Dr. Reddy's Laboratories Limited
Company Secretary, Compliance Officer and Head