7 months ago
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State-owned Life Insurance Corporation of India (LIC) acquired much than 1.71 crore shares successful Dr. Reddy’s Laboratories since June taking its involvement successful the generic drugmaker to much than 10%.
One of the largest organization investors successful the country, LIC raised its holding successful from 8.21% successful aboriginal June to 10.26% arsenic connected October 15, a filing by Dr. Reddy’s connected Thursday showed. LIC acquired 17140819 shares translating into an further 2% involvement done marketplace purchase.
Dr. Reddy’s shares closed with a little than 1% summation astatine Rs.1,240.05 apiece connected the BSE. In June, LIC involvement successful Dr. Reddy’s Laboratories had raced past the 8% people erstwhile it acquired an additional, much than 2% successful the drugmaker since October 2024.
