Dr. Reddy’s Laboratories has announced the transfer of 17,17,26,540 equity shares, representing 20.58% of the company, from promoters to family trusts. Satish Reddy Kallam transferred 7,56,30,620 shares to the VSD Family Trust, and G V Prasad transferred 9,60,95,920 shares to the GVP Family Trust. These off-market transfers are part of a private family arrangement for succession planning and streamlining asset management, with no change in the total promoter shareholding.
Promoter Share Transfers to Family Trusts
Dr. Reddy’s Laboratories has disclosed the transfer of 17,17,26,540 equity shares, amounting to 20.58% of the company’s equity, through off-market transactions on September 17, 2025. The transfers involve key promoters and their respective family trusts.
Details of the Share Transfers
The share transfers occurred as follows:
- Satish Reddy Kallam transferred 7,56,30,620 equity shares (9.06%) to the VSD Family Trust.
- G V Prasad transferred 9,60,95,920 equity shares (11.51%) to the GVP Family Trust.
These transactions involve equity shares with a face value of ₹1 each and are part of a family arrangement.
Rationale for the Transfers
The share transfers are intended to facilitate smooth succession planning within the family and streamline the management of assets and businesses. These are private family arrangements and do not reflect a change in the overall promoter shareholding in Dr. Reddy’s Laboratories.
Impact on Shareholding
Post these transfers, there is no change in the total shareholding of the promoters in Dr. Reddy’s Laboratories. The transfers are executed under an exemption provided in a SEBI order dated December 31, 2024.
Details of Share Capital
Prior to the transfers, the equity share capital of the company was 83,45,81,775 shares of ₹1 each, aggregating to ₹83,45,81,775. After the transfers, the equity share capital remains the same at 83,45,81,775 shares of ₹1 each, totaling ₹83,45,81,775. However, the total diluted share/voting capital is 84,05,21,370 shares of ₹1 each, aggregating to ₹84,05,21,370.
Source: BSE
