Dr. Reddy's Laboratories Limited announced has alloted 23,526 equity shares of Rs 5 each to employees pursuant to exercise their stock options in an exchange filing. The shares, worth a total of Rs 1,17,630, will be divided among three different schemes.
7,436 equity shares will be allotted under Dr. Reddy's Employees Stock Option Scheme, 2002, 13,485 under Dr. Reddy's Employees ADR Stock Option Scheme, 2007 and 2,605 shares underlying ADRs will be allotted at market value to Dr. Reddy’s Employees ADR Stock Option Scheme, 2007.
The total number of shares issued by the company after this issue is 16,65,23,839, for a total capital of Rs 83,26,19,195.
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