Dr Reddys Labs allots 23334 Equity Shares and ADRs to employees on exercise of ESOP

Dr Reddys Laboratories Ltd has announced that the Governance & Compensation Committee of the Board of Directors of the Company has allotted the 23334 equity shares of Rs. 5/- each of the Company, fully paid up on December 08, 2009, to Employees on exercise of their Stock Options.

21,884 equity shares of Rs. 5/- each of the Company pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002.

1,450 equity shares of Rs. 5/- each underlying 1,450 ADRs of the Company pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007.

The stock was trading at Rs.1086, down by Rs.12.85 or 1.17%. The stock hit an intraday high of Rs.1105 and low of Rs.1082.40.

The total traded quantity was 6032 compared to 2 week average of 68598.

Source : Equity Bulls

Keywords