Drug maker Dr. Reddy's Laboratories on Tuesday said it has allotted 13,627 equity shares of Rs 5 each of the company to employees on exercise of their stock options.
“Nomination, Governance & Compensation committee of the board of directors of the company has allotted 13,627 equity shares of Rs 5 each of the company, fully paid up, on June 20, 2017, to employees on exercise of their stock options,” said Dr. Reddy's Laboratories in a filing to the Bombay Stock Exchange.
Meanwhile, shares of company were trading at Rs 2673.05 apiece, up 0.61 per cent, on the BSE at 14:50 hours.