Dr Reddys Laboratories allots 25732 Equity Shares on exercise of ESOP

Dr Reddys Laboratories Ltd has announced that the Nomination, Governance & Compensation Committee of the Board of Directors of the Company has allotted 25,732 equity shares of Rs. 5/- each of the Company, fully paid up, on October 30, 2010, to Director / Employees on exercise of their Stock Options.

22,472 equity shares of Rs. 5/- each were allotted pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002 and 3,260 equity shares of Rs. 5/- each underlying 3,260 ADRs pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007.

The stock closed the day at Rs.1678.20, up by Rs.20.20 or 1.22%. The stock hit an intraday high of Rs.1683.95 and low of Rs.1666.05.

The total traded quantity was 0.21 lakhs compared to 2 week average of 0.39 lakhs.

Source : Equity Bulls

Keywords