Lupin grant options under ESOP

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Capital Market
Last Updated : Feb 18 2014 | 12:03 AM IST

On 17 February 2014

Lupin announced that the company on 17 February 2014 has granted 53100 options to the employees of its subsidiary companies, under the employees stock option plan 2011 at an exercise price of Rs 894.05. The company announced that one equity share of Rs 2 each is covered by each option. The options issued are exercisable at the 'market price' after a minimum vesting period of 12 months but before the exercise period of 10 years from the date of grant.

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First Published: Feb 17 2014 | 4:29 PM IST

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