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LIC trims stake in Dr Reddy’s Laboratories to 6.31%

23 Jan 2013 Evaluate

The country’s largest life insurer, Life Insurance Corporation (LIC) has trimmed its stake in drug firm Dr Reddy’s Laboratories to 6.31%. The insurer has sold shares worth Rs 875.29 crore in the open market.

LIC held 8.38% stake in the pharma major before offloading about 35.25 lakh shares, accounting for around 2.07% shareholding. Following the transaction, LIC’s total shareholding in the company has come down to 6.31% from 8.38%.

Dr Reddy's is an integrated global pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses - Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products - the company offers a portfolio of products and services including APIs, custom pharmaceutical services, generics, bio-similars, differentiated formulations and NCEs.

Dr. Reddys Labs. Share Price

1369.00 -5.55 (-0.40%)
06-Jul-2026 09:46 View Price Chart
Peers
Company Name CMP
Sun Pharma. Inds. 1907.05
Dr. Reddys Labs. 1369.00
Cipla 1460.00
Zydus Lifesciences 1138.00
Lupin 2487.00
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