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RDY Neutral Sentiment Score: 50/100

Dr. Reddy'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.co

Key Takeaway: Dr. Reddy's Laboratories Ltd. has been linked to a news item regarding a potential acquisition of Biogen's biosimilars portfolio, as reported on September 16, 2023. However, the company refrained from commenting on the speculation and confirmed that there is no information requiring mandatory disclosure under Regulation 30 of the SEBI Listing Regulations. The company's statement emphasizes their commitment to making prompt disclosures when necessary, maintaining transparency with regard to market movements.

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Full Press Release Details

Dr. Reddy'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
Date: September 16, 2023
National Stock Exchange of India Ltd. (Scrip Code:
BSE Limited (Scrip Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd (Stock Code: DRREDDY)
pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - information on reported
This is in reference to Regulation 30(11) of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") regarding a news item published
in The Economic Times (newspaper/ media) on September 16, 2023, with the heading "Dr Reddy's Laboratories jumps into the fray for
Biogen's biosimilars".
The said news item is about "Dr Reddy's Laboratories
(DRL) is reportedly in the race to acquire the biosimilar products portfolio of Biogen, a US-based biotech company". In this regard,
please note that the Company does not comment on market speculations and there is currently no such information which requires disclosure
under Regulation 30 of the SEBI Listing Regulations.
In compliance with Regulation 30 of the SEBI Listing
Regulations, the Company makes prompt disclosures, as and when any event or information is considered material or warrants such disclosure
under the said Regulations.
This is for your information.
For Dr. Reddy's Laboratories Limited
Company Secretary, Compliance Officer and Head-CSR

Frequently Asked Questions

What is Dr. Reddy's Laboratories' address?

Dr. Reddy's Laboratories is located at 8-2-337, Road No. 3, Banjara Hills, Hyderabad.

Who is the compliance officer at Dr. Reddy's?

The compliance officer is the Company Secretary and Head-CSR.

What recent news involves Dr. Reddy's Laboratories?

Dr. Reddy's is reportedly interested in acquiring Biogen's biosimilars portfolio.

Does Dr. Reddy's comment on market speculations?

No, Dr. Reddy's does not comment on market speculations as per their policy.

How can I contact Dr. Reddy's Laboratories?

You can contact them via phone at +91 40 4900 2900 or email at mail@drreddys.com.

Last updated: Sep 16, 2023