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DR.REDDY'S LABORATORIES LTD. - Grant of Stock Options
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20 May 2015
Dr Reddys Laboratories Ltd has informed BSE that the Nomination, Governance &amp; Compensation Committee of the Board of Directors of the Company on May 11, 2015, has granted 103,824 stock options, exercisable at par value of Rs.5/- under Dr. Reddys Employees Stock Option Scheme, 2002 and 38,584 stock options, exercisable at par value of Rs.5/- under &quot;Dr. Reddys Employees ADR Stock Option Scheme, 2007&quot; to the employees of the Company.&lt;BR&gt;&lt;BR&gt;The vesting schedule and the exercise period of these stock options will be as under:&lt;BR&gt;&lt;BR&gt;Vesting : 25% each year for 4 years&lt;BR&gt;&lt;BR&gt;Exercise Period : 5 years from the date of vesting&lt;BR&gt;&lt;BR&gt;The grant of above stock options is in line with SEBI (Share Based Employee Benefits) Regulations, 2014 and as per the terms of the Stock Option Schemes.
View all announcements for DR.REDDY'S LABORATORIES LTD. Source: BSE India