Dr Reddy's Laboratories, an integrated global pharmaceutical company, announced that the nomination, governance & compensation committee of the board of directors of the company has allotted 63,862 equity shares of Rs 5 each of the company, fully paid up, to Employees on exercise of their stock options.
The company allotted 54,696 equity shares of Rs 5 each pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002. Also, the company allotted 9,166 equity shares of Rs 5 each underlying 9,166 ADRs pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007.
Shares of the company gained Rs 6.65, or 0.19%, to trade at Rs 3,441.90. The total volume of shares traded was 4,586 at the BSE (1.13 p.m., Wednesday).