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Grant of Options under ESOP

| Updated on November 18, 2011 Published on November 18, 2011

Lupin Ltd has informed BSE that the Company has granted 50000 options to the employee, under "Lupin Employees Stock Option Plan 2005" at the exercise price of Rs. 223.25 on November 18, 2011.

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.

Source : BSE - >www.bseindia.com

Published on November 18, 2011
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