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Updates on Grant of Stock Options

| Updated on May 22, 2015 Published on May 22, 2015

With reference to the earlier letter dated May 20, 2015 regarding Grant of Stock Options by the Company, Dr Reddys Laboratories Ltd has now informed BSE that a grant of 1,600 option was erroneously included under “Dr. Reddy’s Employees Stock Option Scheme, 2002” instead of being included under “Dr. Reddy’s Employees ADR Stock Option Scheme, 2007”.

Accordingly, the corrected grants to be read as -

"102,224 stock options, exercisable at par value of Rs. 5/- under “Dr. Reddy’s Employees Stock Option Scheme, 2002” and 40,184 stock options, exercisable at par value of Rs. 5/-under “Dr. Reddy’s Employees ADR Stock Option Scheme, 2007”.

The total grant of 142,408 stock options and other terms and conditions of such grant remains the same, as communicated vide referred letter.

Source : BSE - >www.bseindia.com

Published on May 22, 2015
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