Dr Reddy's (NYSE: RDY) director discloses large indirect share stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
DR REDDYS LABORATORIES LTD director G V Prasad has filed an initial insider ownership report showing indirect holdings of the company’s equity shares. The filing lists 12,717,090 equity shares held through “Gunupati Venkateswara Prasad HUF” and 96,095,920 equity shares held through the “GVP Family Trust (as a Trustee)”. These are reported as indirect positions rather than personal direct holdings and do not reflect any new buy or sell transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Prasad G V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Equity shares | -- | -- | -- |
| holding | Equity shares | -- | -- | -- |
Holdings After Transaction:
Equity shares — 12,717,090 shares (Indirect, By Gunupati Venkateswara Prasad HUF)
Footnotes (1)
FAQ
What does the DR REDDYS (RDY) Form 3 filing by G V Prasad show?
The Form 3 shows that director G V Prasad reports indirect ownership of DR REDDYS equity shares. It lists 12,717,090 shares via Gunupati Venkateswara Prasad HUF and 96,095,920 shares via the GVP Family Trust, with no buy or sell transactions reported.
What is the GVP Family Trust’s reported holding in DR REDDYS (RDY)?
According to the Form 3, 96,095,920 equity shares of DR REDDYS are held indirectly through the “GVP Family Trust (as a Trustee).” These shares are attributed as indirect ownership connected to director G V Prasad, rather than as directly held shares.
Does the DR REDDYS (RDY) Form 3 indicate any insider buying or selling?
The Form 3 does not show any insider buying or selling activity. It records existing indirect holdings of equity shares through two entities, with transaction codes and share amounts for trades left blank, indicating no reported purchase or sale events.
Is G V Prasad a director or officer of DR REDDYS (RDY) in this filing?
In this filing, G V Prasad is identified as a director of DR REDDYS LABORATORIES LTD. The officer and ten percent owner boxes are not indicated, and the reported holdings are shown as indirect through a HUF entity and a family trust.