Dr. Reddy’s Boosts Workforce with Equity Allotment

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

Dr. Reddy’s Laboratories has announced the allotment of 26,150 equity shares to employees who exercised their stock options under the company’s 2002 Employee Stock Options Scheme. This move reflects the company’s ongoing commitment to rewarding its workforce and could potentially influence investor sentiment positively. As these shares are fully paid and identical to existing shares, it ensures seamless integration into the current market structure.

For further insights into RDY stock, check out TipRanks’ Stock Analysis page.