Dr Reddy's Laboratories Ltd has issued an additional 18 lakh American Depositary Shares (ADS) to the underwriters at a public offer price of US $16.00 per ADS. This is pursuant to the exercise of the over-allotment option that DRL had granted to the underwriters in a previously announced offering completed on November 22, 2006. A total of 143 lakh ADSs have been issued under the offering (including this issuance).

On November 16, 2006, the company announced the pricing of the public offering of 125 lakh ADSs (excluding the underwriter's over-allotment option) at a public offer price of US $ 16.00 per ADS.

The final prospectus supplement was filed with the Securities and Exchange Commission on November 17, 2006 and the offering was completed on November 22, 2006. The underwriters had the option to purchase up to an additional 18 lakh ADSs within 30 days starting November 22.