Cipla Ltd Grants 27702 Stock Options

The Nomination and Remuneration Committee of Cipla Ltd at its meeting held on April 28, 2016 has approved the grant of 27,702 Stock Options to employees of the Company and its 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 Options would vest not earlier than 1 year and not later than 2 years from the date of grant of Options.

The Exercise period will be 5 years from the date of vesting of Options and the exercise price per option is Rs. 2/-

Shares of CIPLA LTD. was last trading in BSE at Rs.527.05 as compared to the previous close of Rs. 538.5. The total number of shares traded during the day was 332611 in over 4432 trades.

The stock hit an intraday high of Rs. 544.75 and intraday low of 525.95. The net turnover during the day was Rs. 176096428.

Source : Equity Bulls

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