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Thursday, December 4, 2008

Dr Reddys Laboratories to grant options

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The committee of Dr Reddys Laboratories has approved the grant of 20,000 stock options at fair market value to an employee of the company, pursuant to Dr. Reddy's ESOS, 2002.

The committee has allotted 21,109 equity shares of Rs 5 each of the company to employees who have exercised their stock options, pursuant to Dr Reddy's ESOS, 2002.

The committee has allotted 300 ADRs of Rs 5 each of the company to US employee of the company who has exercised her ADR Stock Options, pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007.

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