Outcome of Nomination and Remuneration Committee Meeting

| Updated on April 28, 2015 Published on April 28, 2015

Cipla Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on April 28, 2015 has approved the grant of 10,217 Stock Options to the employee of subsidiary Company, 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/-.

Source : BSE - www.bseindia.com

Published on April 28, 2015
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