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Hyderabad, Sep. 1

DR Reddys' Laboratories Ltd has granted 8,300 stock options to its employees at an exercise price of Rs 5, which is the par value of the shares of the company.

In a communication to the BSE, the company said the shares covered by such options are 8,300. The vesting period of these options is 25 per cent options each year over a period of four years.

(This article was published in the Business Line print edition dated September 2, 2005)
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