{"id":396057,"date":"2020-12-09T04:23:16","date_gmt":"2020-12-09T09:23:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396057"},"modified":"2020-12-09T04:23:16","modified_gmt":"2020-12-09T09:23:16","slug":"secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\/","title":{"rendered":"Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India)"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India)<\/b><\/p>\n<p>HYDERABAD, India &amp; PRINCETON, N.J.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nDr. Reddy\u2019s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY referred to as \u201cDr. Reddy\u2019s\u201d) today announced the secondary listing of its American Depository Receipts (ADRs) on NSE IFSC Limited under the symbol \u2019DRREDDY\u2019 on December 9, 2020.\n<\/p>\n<p>\nNSE IFSC Limited is a recognized international stock exchange established in the International Financial Services Centre (\u201cIFSC\u201d), GIFT City Gujarat, India. IFSC is one of the permissible jurisdictions where Depository Receipts can be listed, vide circular no. SEBI\/HO\/MRD2\/DCAP\/CIR\/P\/2019\/146 dated November 28, 2019 on Framework for issuance of Depository Receipts and IFSC Authority circular no F. No. 87\/IFSCA\/DRs\/2020-21 dated October 28, 2020 on Depository Receipts in the IFSC.\n<\/p>\n<p>\nThe said listing will provide a secondary platform (other than NYSE Inc.) to overseas investors for trading in Dr. Reddy\u2019s ADRs. This is a secondary listing of ADRs that are currently issued by J.P. Morgan Chase Bank N.A. under its ADR Deposit agreement with Dr. Reddy\u2019s, and no further capital raising or issuance of new securities is involved.\n<\/p>\n<p>\nThe clearing and settlement of ADRs will be done by NSE IFSC Clearing Corporation Limited through depository account maintained with Clearstream using Internal (Clearstream to Clearstream), Bridge (Clearstream-Euroclear) and Clearstream Domestic links to American market for settlement with Depository Trust Company (DTC) US settlement systems.\n<\/p>\n<p><b>About Dr. Reddy\u2019s<\/b>: Dr. Reddy\u2019s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY) is an integrated pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses &#8211; Pharmaceutical Services &amp; Active Ingredients, Global Generics and Proprietary Products \u2013 Dr. Reddy\u2019s offers a portfolio of products and services including APIs, custom pharmaceutical services, generics, biosimilars and differentiated formulations. Our major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management and dermatology. Dr. Reddy\u2019s operates in markets across the globe. Our major markets include \u2013 USA, India, Russia &amp; CIS countries, and Europe. For more information, log on to:<b \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.drreddys.com&amp;esheet=52345362&amp;newsitemid=20201209005395&amp;lan=en-US&amp;anchor=www.drreddys.com&amp;index=1&amp;md5=ecef6304301fa3e866b69ad0da07a298\">www.drreddys.com<\/a><\/p>\n<p>\nDisclaimer: This press release may include statements of future expectations and other forward-looking statements that are based on the management\u2019s current views and assumptions and involve known or unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words &#8220;may&#8221;, &#8220;will&#8221;, &#8220;should&#8221;, &#8220;expects&#8221;, &#8220;plans&#8221;, &#8220;intends&#8221;, &#8220;anticipates&#8221;, &#8220;believes&#8221;, &#8220;estimates&#8221;, &#8220;predicts&#8221;, &#8220;potential&#8221;, or &#8220;continue&#8221; and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to without limitation, (i) general economic conditions such as performance of financial markets, credit defaults , currency exchange rates, interest rates, persistency levels and frequency \/ severity of insured loss events, (ii) mortality and morbidity levels and trends, (iii) changing levels of competition and general competitive factors, (iv) changes in laws and regulations and in the policies of central banks and\/or governments, (v) the impact of acquisitions or reorganization, including related integration issues, and (vi) the susceptibility of our industry and the markets addressed by our, and our customers\u2019, products and services to economic downturns as a result of natural disasters, epidemics, pandemics or other widespread illness, including coronavirus (or COVID-19), and (vii) other risks and uncertainties identified in our public filings with the Securities and Exchange Commission, including those listed under the &#8220;Risk Factors&#8221; and &#8220;Forward-Looking Statements&#8221; sections of our Annual Report on Form 20-F for the year ended March 31, 2020. The company assumes no obligation to update any information contained herein.\u201d\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201209005395\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201209005395\/en\/<\/a><\/span><\/p>\n<p><b>INVESTOR RELATIONS<br \/>\n<br \/><\/b>AMIT AGARWAL<b \/><br \/><a rel=\"nofollow\" href=\"mailto:amita@drreddys.com\">amita@drreddys.com<br \/>\n<\/a><br \/>(PH: +91-40-49002135)<br \/>\n<\/p>\n<p><b>MEDIA RELATIONS<br \/>\n<\/b><br \/>APARNA TEKURI<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:aparnatekuri@drreddys.com\">aparnatekuri@drreddys.com<br \/>\n<\/a><br \/>(PH: +91-40-49002446)\n<\/p>\n<p><b>KEYWORDS:<\/b> New Jersey United States India North America Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oncology Professional Services Health Finance General Health Pharmaceutical Banking<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201209005395\/en\/485181\/3\/DrR_Logo_Primary_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India) HYDERABAD, India &amp; PRINCETON, N.J.&#8211;(BUSINESS WIRE)&#8211; Dr. Reddy\u2019s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY referred to as \u201cDr. Reddy\u2019s\u201d) today announced the secondary listing of its American Depository Receipts (ADRs) on NSE IFSC Limited under the symbol \u2019DRREDDY\u2019 on December 9, 2020. NSE IFSC Limited is a recognized international stock exchange established in the International Financial Services Centre (\u201cIFSC\u201d), GIFT City Gujarat, India. IFSC is one of the permissible jurisdictions where Depository Receipts can be listed, vide circular no. SEBI\/HO\/MRD2\/DCAP\/CIR\/P\/2019\/146 dated November 28, 2019 on Framework for issuance of Depository Receipts and IFSC Authority circular no F. No. 87\/IFSCA\/DRs\/2020-21 dated October 28, 2020 on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-396057","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India) HYDERABAD, India &amp; PRINCETON, N.J.&#8211;(BUSINESS WIRE)&#8211; Dr. Reddy\u2019s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY referred to as \u201cDr. Reddy\u2019s\u201d) today announced the secondary listing of its American Depository Receipts (ADRs) on NSE IFSC Limited under the symbol \u2019DRREDDY\u2019 on December 9, 2020. NSE IFSC Limited is a recognized international stock exchange established in the International Financial Services Centre (\u201cIFSC\u201d), GIFT City Gujarat, India. IFSC is one of the permissible jurisdictions where Depository Receipts can be listed, vide circular no. SEBI\/HO\/MRD2\/DCAP\/CIR\/P\/2019\/146 dated November 28, 2019 on Framework for issuance of Depository Receipts and IFSC Authority circular no F. No. 87\/IFSCA\/DRs\/2020-21 dated October 28, 2020 on &hellip; Continue reading &quot;Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-09T09:23:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India)\",\"datePublished\":\"2020-12-09T09:23:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\\\/\"},\"wordCount\":678,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201209005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\\\/\",\"name\":\"Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India) - 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(BSE: 500124, NSE: DRREDDY, NYSE: RDY referred to as \u201cDr. Reddy\u2019s\u201d) today announced the secondary listing of its American Depository Receipts (ADRs) on NSE IFSC Limited under the symbol \u2019DRREDDY\u2019 on December 9, 2020. NSE IFSC Limited is a recognized international stock exchange established in the International Financial Services Centre (\u201cIFSC\u201d), GIFT City Gujarat, India. IFSC is one of the permissible jurisdictions where Depository Receipts can be listed, vide circular no. SEBI\/HO\/MRD2\/DCAP\/CIR\/P\/2019\/146 dated November 28, 2019 on Framework for issuance of Depository Receipts and IFSC Authority circular no F. No. 87\/IFSCA\/DRs\/2020-21 dated October 28, 2020 on &hellip; Continue reading \"Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-09T09:23:16+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India)","datePublished":"2020-12-09T09:23:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\/"},"wordCount":678,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/secondary-listing-of-dr-reddys-adrs-on-nse-ifsc-limited-gift-city-gujarat-india\/","name":"Secondary Listing of Dr. Reddy\u2019s ADRs on NSE IFSC Limited (GIFT City, Gujarat, India) - 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