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Outcome of Nomination and Remuneration Committee Meeting

| Updated on November 09, 2016 Published on November 09, 2016

Cipla Ltd has informed BSE that Nomination and Remuneration Committee of the Company at its meeting held on November 09, 2016 has approved the grant of 5,87,970 Stock Options to employees of the Company and its subsidiary companies, in terms of Employee Stock Option Scheme 2013-A (“ESOS 2013-A”). The said Options carry the right to apply for equal number of equity shares of the Company of face value of Rs. 2/- each. The terms of grant inter-alia are as under:

1. Vesting: The Options would vest not earlier than 1 year and not later than 2 years from the date of grant of Options

2. Exercise period: 5 years from the date of vesting of Options

3. Exercise price per option: Rs. 2/-.

Pdf Link: >Outcome of Nomination and Remuneration Committee Meeting

Source : BSE - >www.bseindia.com

Published on November 09, 2016
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