Lupin informs about grant of options under ESOP
Date: 10-12-2015Lupin has informed that on December 8, 2015, the Company has granted 32480 options to their employees under ‘Lupin Employees Stock Option Plan 2014’, at the exercise price of Rs 2.00 each. Further note that one equity share of the face value of Rs 2.00 each is covered by each option. The options shall be vested in a phased manner after a minimum period of 12 months and are exercisable 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.