Dr. Reddy’s Rewards Employees with Equity Shares

Dr Reddy’s Laboratories (RDY) has released an update.

Dr. Reddy’s Laboratories Ltd. has announced the allotment of 6,103 equity shares as a result of employees exercising their stock options under two different schemes from 2002 and 2007. These shares, with a par value of Rs. 5 each, were allotted on June 2, 2024, and are set to rank equally with existing shares. This move is part of the company’s ongoing efforts to engage and reward its employees through stock ownership.

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