EX-99.1 2 d213936dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

 

Dr. Reddy’s Laboratories Ltd.

8-2-337, Road No.3, Banjara Hills,

Hyderabad – 500 034, Telangana,

India.

CIN: L85195TG1984PLC004507

 

Tel:      +9140 4900 2900

Fax:     +9140 4900 2999

Email: mail@drreddys.com

www.drreddys.com

June 6, 2016

 

BSE Limited

Department of Corporate Services

Listing Department

P J Towers

Dalal Street

Mumbai – 400 001

Scrip Code: 500124

 

The National Stock Exchange of India Limited

Listing Department

Exchange Plaza

Plot no. C/1, G Block

Bandra-Kurla Complex, Bandra (E)

Mumbai – 400 051

Scrip Code: DRREDDY

Dear Sir/Madam,

 

Sub: Buyback of equity shares of Rs. 5/- each (“Share”) of Dr. Reddy’s Laboratories Limited (“Company”) at a maximum price of Rs. 3,500/- per share for a maximum amount of Rs. 15,69,41,71,500 (Rupees One Thousand Five Hundred Sixty Nine Crores Forty One Lacs Seventy One Thousand Five Hundred only) via the open market through stock exchanges (“Buyback”)

With reference to the captioned subject matter, the Company hereby submits the daily report pursuant to Regulation 15(i) of the SEBI (Buy Back of Securities) Regulations, 1998 regarding equity shares bought back on June 6, 2016:

 

Name of the Broker

   Number of Equity Shares Bought
Back on (06/06/2016)
     Total shares
bought back
     Average Price of
Acquisition (Rs.)
 
   BSE      NSE        

Kotak Securities Limited (A)

     3,000         220,846         2,23,846        

 

BSE: 3,150.00

NSE: 3,149.28

  

  

Cumulative Equity Shares bought as on Yesterday (upto 03/06/2016) (B)

  

     19,09,534   

Less : Quantity Closed Out Today (C)

  

     Nil   

Quantity Closed Out as on Yesterday (D)

  

     Nil   
           

 

 

 

Total Quantity closed out (E=C+D)

  

     Nil   
           

 

 

 

Total Equity Shares bought back as on 06/06/2016 (A) +(B) – (E)

  

     21,33,380   
           

 

 

 

Please note that the total amount earmarked for Buyback by the Company is Rs. 15,69,41,71,500 (Rupees One Thousand Five Hundred Sixty Nine Crores Forty One Lacs Seventy One Thousand Five Hundred only) (excluding brokerage, transaction charges and taxes, if any), out of which the Company has utilized Rs. 6,604,793,261.51 (Rupees six hundred and sixty crores forty seven lakhs ninety three thousand and two hundred and sixty one and fifty one paisa only) on cumulative basis for Buyback (excluding brokerage, transaction charges and taxes, if any) till date 06/06/2016. The indicative maximum number of equity shares to bought back would be 44,84,049 at the proposed Maximum Buyback price and at Maximum Buyback size.

 

For Dr. Reddy’s Laboratories Limited
/s/ Sandeep Poddar
Sandeep Poddar
Company Secretary

CC: New York Stock Exchange Inc. (Stock Code: RDY)