Dr. Reddy's Laboratories Allots Equity Shares Under Employee Stock Option Scheme
Dr. Reddy's Laboratories Limited announced the allotment of 3,675 equity shares on March 26, 2026, to eligible employees through the exercise of stock options under the Dr. Reddy's Employees ADR Stock Option Scheme, 2007. Each share has a par value of Re. 1.The allotment follows the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
A portion of the shares, 575, were issued at a price of Re.1 per share, with no premium. The remaining 3,100 shares were issued at Rs. 735.80 per share, with a premium of Rs. 734.80 per share.
Following this allotment, the total issued shares of the company stand at 83,46,57,970 and the total issued share capital is Rs. 83,46,57,970. The shares rank pari passu with existing shares. |
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