Dr Reddys Laboratories Ltd allots 77158 Equity Shares on exercise of ESOP

The Nomination, Governance & Compensation committee of the Board of Directors of Dr Reddys Laboratories Ltd has allotted 77,158 equity shares of Rs.5/- each of the Company, fully paid up, on August 22, 2016, to Employees on exercise of their Stock Options.

67,011 equity shares of Rs. 5/- each were allotted pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002.

10,147 equity shares of Rs. 5/- each were allotted against the underlying 10,147 ADRs pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007.

Shares of DR.REDDY'S LABORATORIES LTD. was last trading in BSE at Rs.3013.7 as compared to the previous close of Rs. 3011.25. The total number of shares traded during the day was 13953 in over 1495 trades.

The stock hit an intraday high of Rs. 3025 and intraday low of 2983. The net turnover during the day was Rs. 41958915.

Source : Equity Bulls

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