Dr Reddys Laboratories allots 57312 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 57,312 equity shares of Rs. 5/- each of the Company, fully paid up, on August 30, 2010, to Employees on exercise of their Stock Options.

53,304 equity shares of Rs. 5/- each pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002 and 4,008 equity shares of Rs. 5/- each underlying 4,008 ADRs pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007.

The stock was trading at Rs.1363.70, up by Rs.17.50 or 1.30%. The stock hit an intraday high of Rs.1373.40 and low of Rs.1342.

The total traded quantity was 292518 compared to 2 week average of 28044.

Source : Equity Bulls

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