Lupin has informed that the company has granted 50000 options to its employee, under Lupin Employees Stock Option Plan 2005' at the exercise price of Rs 291.93 on November 06, 2012. Further, the company has informed that, one equity share of Rs. 2 each is covered by each option. The options issued are exercisable at the market price as defined in SEBI guidelines, in a phased manner after a minimum vesting period of 12 months but before the exercise period of 10 years from the date of grant.
The above information is a part of company's filings submitted to BSE.
