Dr Reddys Laboratories allots 170468 Equity shares 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 170468 equity shares of Rs. 5/- each of the Company, fully paid up, on June 28, 2010, to Directors/Employees on exercise of their Stock Options.

134,825 equity shares of Rs. 5/- each pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002.

35,643 equity shares of Rs. 5/- each underlying 35,643 ADRs pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007.

The stock was trading at Rs.1457, down by Rs.20.45 or 1.38%. The stock hit an intraday high of Rs.1481.65 and low of Rs.1456.10.

The total traded quantity was 7698 compared to 2 week average of 39647.

Source : Equity Bulls

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