Full Press Release Details
| Dr. Reddy's Laboratories Ltd. | |
| 8-2-337, Road No. 3, Banjara Hills, | |
| Hyderabad - 500 034, Telangana, | |
| India. | |
| CIN : L85195TG1984PLC004507 |
| Tel | :+91 40 4900 2900 | |
| Fax | :+91 40 4900 2999 | |
| :mail@drreddys.com | ||
| www.drreddys.com |
National Stock Exchange of India Ltd.
New York Stock Exchange Inc.
Sub: Grant of Stock Options
This is to inform you that the Nomination,
Governance & Compensation Committee of the Board of Directors of the Company has granted the following stock options to employees
| Sr. No. | Type of Option | Number of options granted | Value | Exercise Price (Rs.) | ESOP Scheme | |||||
| 1 | Indian stock options | 150,740# | Fair market value | 3,679 | Dr. Reddy's Employees Stock Option Scheme, 2018 | |||||
| 2 | 47,748# | Par value | 5 | Dr. Reddy's Employees Stock Option Scheme, 2002 | ||||||
| 3 | 41,100* | |||||||||
| 4 | American Depository Receipts (ADR) stock options | 96,080# | Fair market value | 3,679 | Dr. Reddy's Employees ADR Stock Option Scheme, 2007 | |||||
| 5 | 39,672# | Par Value | 5 | |||||||
| 6 | 7,500* | |||||||||
| 7 | 5,144** |
(#) 25% vesting each year, starting after one year from the
(*) 100% vesting at the end of third year from the grant date
(**) 100% vesting after one year from the grant date
This is for your information and records.
| /s/ Sandeep Poddar | |
| Sandeep Poddar | |
| Company Secretary |