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)
Sub: Disclosure under Regulation 30
of the SEBI (Listing Obligations & 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 May 6, 2024, has approved the grant of stock
options to the eligible employees 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 | Indian Stock Options | * 1,37,160 | Fair Market Value | Rs. 6,350/- | Dr. Reddy's Employees Stock Option Scheme, 2018 |
| # 3,210 | |||||
| 2 | American Depository Receipts (ADRs) Stock Options | * 54,462 | Fair Market Value | Rs. 6,350/- | Dr. Reddy's Employees ADR Stock Option Scheme, 2007 |
the end of 3 years. #Equally graded vesting in 3 years.
This is for your information and records.
For Dr. Reddy's Laboratories Limited
Company Secretary, Compliance Officer & Head-CSR