Full Press Release Details
National Stock Exchange of India Ltd. (Scrip Code: DRREDDY-EQ)
BSE Ltd. (Scrip Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd. (Stock Code: DRREDDY)
under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
This is to inform that the Nomination, Governance
and Compensation Committee of the Board of Directors of the Company at its meeting held on January 29, 2024, has approved the grant of
stock options to the eligible employee(s) under the Employees Stock Option Schemes of the Company:
| Sl. No. | Type of Option(s) | Number of options granted | Value | Exercise Price per share | ESOP Scheme |
| 1 | American Depository Receipts (ADRs) Stock Options | # 2,229 | Fair Market Value | Rs. 5,856/- | Dr. Reddy's Employees ADR Stock Option Scheme, 2007 |
#These options shall vest in 3 years.
i.e., 50% at the end of first year, 25% at the end of second year and 25% at the end of third year.
This is for your information and records.
For Dr. Reddy's Laboratories Limited
| /s/ K. Randhir Singh | |
| K. Randhir Singh | |
| Company Secretary, Compliance Officer & Head-CSR |