Dr Reddy's announces pricing of American Depositary Shares

Dr Reddys Laboratories Ltd has announced the pricing of the public offering of 12.5 million (excluding the underwriter's over-allotment option) American Depositary Shares ("ADS") at U.S. $ 16.00 per ADS. The offering is expected to close on November 22, 2006.

On November 13, 2006, the Company filed a shelf registration statement on Form F-3 and preliminary supplement prospectus with the U.S. Securities and Exchange Commission relating to a proposed offering of American Depositary Shares, or ADSs of up to 13.5 million shares, excluding the underwriter's over- allotment option.

Source : Equity Bulls

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