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Board of Dr Reddy's approves allotment of 4.13 cr equity shares

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Capital Market

At meeting held on 22 April 2022

The Board of Dr Reddy's Laboratories (DRL) at its meeting held on 22 April 2022 has approved the allotment of f 4,13,25,300 fully paid-up equity shares of the face value of Rs 5 each to the equity shareholders of Dr. Reddy's Holdings (DRHL) pursuant to o the Scheme of Amalgamation and Arrangement.

Further, 4,13,25,300 equity shares held by DRHL i.e the Amalgamating Company in the share capital of DRL i.e. Amalgamated Company got cancelled, pursuant to the Scheme.

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First Published: Apr 23 2022 | 2:41 PM IST

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