Acquiring Company
Life Insurance Corporation of India
Acquired Company
Dr. Reddy's Laboratories
JaipurHyderabadInsuranceManufacturingBiotechnologyHealth CareTravelEmployee BenefitsPharmaceuticalInsurtechInsurancepharmaceuticalsDescription
Life Insurance Corporation of India has acquired an additional 2.012% equity stake in Dr. Reddy's Laboratories, boosting its overall shareholding to 8.216%. The acquisition took place through open market purchases between October 28, 2024, and June 3, 2025. This move reinforces LIC's position as a significant stakeholder in the pharmaceutical sector. The total share capital of Dr. Reddy's is considered in this acquisition, with no immediate effects from any convertible instruments.
Quick answer
Life Insurance Corporation of India is acquiring Dr. Reddy's Laboratories, announced June 5, 2025. Life Insurance Corporation of India is based in Jaipur, Rajasthan, India.
- How much did Life Insurance Corporation of India pay for Dr. Reddy's Laboratories?
- The deal value was not disclosed.
- What does Life Insurance Corporation of India do?
- Life Insurance Corporation of India (LIC) is a statutory Corporation established under Section 3 of LIC Act, 1956.
- Where are Life Insurance Corporation of India and Dr. Reddy's Laboratories based?
- Life Insurance Corporation of India is based in Jaipur, Rajasthan, India. Dr. Reddy's Laboratories is based in Hyderabad, Telangana, India.
- Who are the decision-makers at Life Insurance Corporation of India?
- Fundz holds 1 contact at Life Insurance Corporation of India. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- AbbVie to acquire Capstan Therapeutics (July 15, 2025)
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- Medi Assist acquires Paramount Health Services (July 1, 2025)
- AbbVie to acquire Capstan Therapeutics for $2.1B, $2.1B (June 30, 2025)
Who to call at Life Insurance Corporation of India, and when
When Life Insurance Corporation of India changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Life Insurance Corporation of India raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Life Insurance Corporation of India, from your own LinkedIn network
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Frequently asked
Who acquired Dr. Reddy's Laboratories?
Dr. Reddy's Laboratories was acquired by Life Insurance Corporation of India, based in Jaipur. The deal was reported on June 5, 2025. Life Insurance Corporation of India (LIC) is a statutory Corporation established under Section 3 of LIC Act, 1956. Life Insurance Corporation of India is privately held and operates in Insurance.
When did Life Insurance Corporation of India acquire Dr. Reddy's Laboratories?
Life Insurance Corporation of India's acquisition of Dr. Reddy's Laboratories was reported on June 5, 2025. Life Insurance Corporation of India has acquired an additional 2.012% equity stake in Dr. Reddy's Laboratories, boosting its overall shareholding to 8.216%. The acquisition took place through open market purchases between October 28, 2024, and June 3, 2025. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Dr. Reddy's Laboratories do?
Dr. Reddy's Laboratories is a multinational pharmaceutical company based in Hyderabad, India, specializing in the development, manufacturing, and marketing of a wide range of pharmaceuticals. It is privately held, operating in Manufacturing, and is based in Hyderabad.
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