Dr Reddys Laboratories Ltd allots 90290 Equity Shares on exercise of ESOP

The Nomination, Governance & Compensation committee of the Board of Directors of Dr Reddys Laboratories Ltd has allotted 90,290 equity shares of Rs. 5/- each of the Company, fully paid up, on July 11, 2016, to Employees on exercise of their Stock Options.

78,533 equity shares of Rs. 5/- each were allotted pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002 and 11,757 equity shares of Rs. 5/- each underlying 11,757 ADRs pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007.

Shares of DR.REDDY'S LABORATORIES LTD. was last trading in BSE at Rs.3591.3 as compared to the previous close of Rs. 3616.1. The total number of shares traded during the day was 20398 in over 2451 trades.

The stock hit an intraday high of Rs. 3625 and intraday low of 3569.4. The net turnover during the day was Rs. 73335634.

Source : Equity Bulls

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