Dr Reddys Laboratories allots 16295 Equity shares on exercise of ESOP

Pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002, the Nomination, Governance & Compensation Committee of the Board of Directors of Dr Reddys Laboratories Ltd has allotted 16,295 equity shares of Rs. 5/- each of the Company, fully paid up, on February 16, 2012, to Employees on exercise of their Stock Options.

The Dr Reddys Laboratories Ltd stock was trading at Rs.1652.85, up by Rs.19.60 or 1.20%. The stock hit an intraday high of Rs.1659 and low of Rs.1602.

The total traded quantity was 0.23 lakhs compared to 2 week average of 0.29 lakhs.

Source : Equity Bulls

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