Dr Reddys Laboratories allots 6440 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 6,440 equity shares of Rs. 5/- each of the Company, fully paid up, on January 08, 2011, to Employees on exercise of their Stock Options as per the following details.

5,300 equity shares of Rs.5/- each pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002 and 1,140 equity shares of Rs.5/- each underlying 1,140 ADRs pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007.

The stock was trading at Rs.1655.15, down by Rs.23 or 1.37%. The stock hit an intraday high of Rs.1680 and low of Rs.1625.

The total traded quantity was 0.28 lakhs compared to 2 week average of 0.31 lakhs.

Source : Equity Bulls

Keywords