Dr Reddys Laboratories allots 20350 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 20350 equity shares of Rs. 5/- each of the Company, fully paid up, on February 26, 2010, to Employees on exercise of their Stock Options.

19,850 equity shares of Rs. 5/- each pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002 and 500 equity shares of Rs. 5/- each underlying 500 ADRs pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007 were allotted.

The stock closed the day at Rs.1142.70, up by Rs.1.65 or 0.14%. The stock hit an intraday high of Rs.1159 and low of Rs.1131.50.

The total traded quantity was 15039 compared to 2 week average of 23415.

Source : Equity Bulls

Keywords