Lupin has informed that the company has granted 7200 options to the employee of its subsidiary Company, under Lupin Subsidiary Companies Employees Stock Option Plan 2011 at the exercise price of Rs. 600.90 on March 12, 2013.
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.
