Dr. Reddy’s Laboratories Ltd (RDY) has released an update.
Dr. Reddy’s Laboratories Ltd. has announced the approval of new stock options grants for eligible employees under two of its Employee Stock Option Schemes. A total of 1,37,160 Indian Stock Options and 54,462 American Depository Receipts (ADRs) Stock Options were granted at an exercise price of Rs. 6,350/- per share. The Indian stock options will vest completely after three years, while the ADRs stock options will have graded vesting over the same period.
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