Exhibit8
Dr. Reddy’s Laboratories Limited
Dr. Reddy’s Laboratories Limited is the parent company. Tabulated below is the list of subsidiaries, associates and joint ventures as of March 31, 2019:
Name of the subsidiary/joint venture | Country of Incorporation | Percentage of Direct/Indirect Ownership Interest | ||
Aurigene Discovery Technologies (Malaysia) Sdn. Bhd. | Malaysia | 100%(3) | ||
Aurigene Discovery Technologies Inc. | U.S.A. | 100%(3) | ||
Aurigene Discovery Technologies Limited | India | 100% | ||
beta Institut gemeinnützige GmbH | Germany | 100%(8) | ||
betapharm Arzneimittel GmbH | Germany | 100%(8) | ||
Cheminor Investments Limited | India | 100% | ||
Cheminor Employees Welfare Trust | India | Refer to footnote 16 | ||
Chirotech Technology Limited | United Kingdom | 100%(5) | ||
Dr. Reddy’s Research Foundation | India | Refer to footnote 16 | ||
Dr. Reddy's Employees ESOS Trust (from July 27, 2018) | India | Refer to footnote 16 | ||
Dr. Reddy’s Farmaceutica Do Brasil Ltda. | Brazil | 100% | ||
Dr. Reddy’s Laboratories (EU) Limited | United Kingdom | 100%(10) | ||
Dr. Reddy’s Laboratories (Proprietary) Limited | South Africa | 100%(10) | ||
Dr. Reddy’s Laboratories (UK) Limited | United Kingdom | 100%(5) | ||
Dr. Reddy’s Laboratories Canada, Inc. | Canada | 100%(10) | ||
Dr. Reddy's Laboratories Chile SPA. | Chile | 100%(10) | ||
Dr. Reddy’s Laboratories Inc. | U.S.A. | 100%(10) | ||
Dr. Reddy’s Laboratories International SA | Switzerland | 100%(10) | ||
Dr. Reddy’s Laboratories Japan KK | Japan | 100%(10) | ||
Dr. Reddy’s Laboratories Kazakhstan LLP | Kazakhstan | 100%(10) | ||
Dr. Reddy’s Laboratories Louisiana LLC | U.S.A. | 100%(6) | ||
Dr. Reddy’s Laboratories Malaysia Sdn. Bhd. | Malaysia | 100%(10) | ||
Dr. Reddy’s Laboratories New York, Inc. | U.S.A. | 100%(10) | ||
Dr. Reddy's Laboratories Philippines Inc. (from May 9, 2018) | Philippines | 100%(10) | ||
Dr. Reddy’s Laboratories Romania S.R.L. | Romania | 100%(10) | ||
Dr. Reddy’s Laboratories SA | Switzerland | 100% | ||
Dr. Reddy's Laboratories Taiwan Limited | Taiwan | 100%(10) | ||
Dr. Reddy’s Laboratories Tennessee, LLC (till October 1, 2018) | U.S.A. | 100%(6) | ||
Dr. Reddy's Laboratories (Thailand) Limited (from June 13, 2018) | Thailand | 100%(10) | ||
Dr. Reddy’s Laboratories, LLC | Ukraine | 100%(10) | ||
Dr. Reddy’s New Zealand Limited. | New Zealand | 100%(10) | ||
Dr. Reddy’s Singapore PTE Limited | Singapore | 100%(10)(2) | ||
Dr. Reddy’s Srl | Italy | 100%(11) | ||
Dr. Reddy's Bio-Sciences Limited | India | 100% | ||
Dr. Reddy's Laboratories (Australia) Pty. Limited | Australia | 100%(10) | ||
Dr. Reddy's Laboratories SAS | Colombia | 100%(10) | ||
Dr. Reddy's Research and Development B.V. (formerly Octoplus B.V.) | Netherlands | 100%(12) | ||
Dr. Reddy's Venezuela, C.A. | Venezuela | 100%(10) | ||
Dr. Reddy’s (WUXI) Pharmaceutical Company Limited | China | 100%(10) | ||
DRANU LLC | U.S.A. | 50%(13) | ||
DRES Energy Private Limited | India | 26%(14) | ||
DRL Impex Limited | India | 100%(15) | ||
Eurobridge Consulting B.V. | Netherlands | 100%(1) | ||
Idea2Enterprises (India) Pvt. Limited | India | 100% | ||
Imperial Credit Private Limited | India | 100% | ||
Industrias Quimicas Falcon de Mexico, S.A. de CV | Mexico | 100% | ||
Kunshan Rotam Reddy Pharmaceutical Co. Limited | China | 51.33%(4) | ||
Lacock Holdings Limited | Cyprus | 100%(10) | ||
OOO Dr. Reddy's Laboratories Limited | Russia | 100%(10) | ||
OOO DRS LLC | Russia | 100%(9) | ||
Promius Pharma LLC | U.S.A. | 100%(6) | ||
Reddy Antilles N.V. | Netherlands | 100% | ||
Reddy Holding GmbH | Germany | 100%(10) | ||
Reddy Netherlands B.V. | Netherlands | 100%(10) | ||
Reddy Pharma Iberia SA | Spain | 100%(10) | ||
Reddy Pharma Italia S.R.L. | Italy | 100%(7) | ||
Reddy Pharma SAS | France | 100%(10) | ||
Regkinetics Services Limited (formerly Dr. Reddy’s Pharma SEZ Limited) | India | 100% |
(1) | Indirectly owned through Dr. Reddy’s Research and Development B.V. (from March 29, 2018), formerly a subsidiary of Reddy Antilles N.V. |
(2) | Entities liquidated during the year. |
(3) | Indirectly owned through Aurigene Discovery Technologies Limited. |
(4) | Kunshan Rotam Reddy Pharmaceutical Co. Limited is a subsidiary as per Indian Companies Act, 2013, as the Company holds a 51.33% stake. However, the Company accounts for this investment by the equity method and does not consolidate it in the Company’s financial statements. |
(5) | Indirectly owned through Dr. Reddy’s Laboratories (EU) Limited. |
(6) | Indirectly owned through Dr. Reddy’s Laboratories Inc. |
(7) | Indirectly owned through Lacock Holdings Limited. |
(8) | Indirectly owned through Reddy Holding GmbH. |
(9) | Indirectly owned through Eurobridge Consulting B.V. |
(10) | Indirectly owned through Dr. Reddy’s Laboratories SA. |
(11) | Indirectly owned through Reddy Pharma Italia S.R.L. |
(12) | Indirectly owned through Reddy Netherlands B.V. |
(13) | DRANU LLC is consolidated in accordance with guidance available in IFRS 10. |
(14) | Accounted in accordance with IFRS 11 ‘Joint Arrangements’. |
(15) | Indirectly owned through Idea2Enterprises (India) Pvt. Limited. |
(16) | The Company does not have any equity interests in this entity, but has significant influence or control over it. |