Exhibit 99.2

	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

January 31, 2019

The Secretary

BSE Limited

National Stock Exchange of India Ltd.

New York Stock Exchange Inc.

Dear Sir/Madam,

Sub:     Grant of Stock Options

This is to inform you that the Nomination, Governance & Compensation Committee of the Board of Directors of the Company in their meeting held on January 31, 2019, has granted 2,916 stock options, exercisable at par value of Rs. 5/- under “Dr. Reddy’s Employees Stock Option Scheme, 2002” to the employees of the Company.

This is for your information and records.

With regards,

/s/ Sandeep Poddar

Sandeep Poddar

Company Secretary