IPCA laboratories Ltd grants 165000 options

The Nomination and Remuneration Committee of Board of Directors of IPCA laboratories Ltd at its meeting held on April 25, 2017 have granted 1,65,000 options under Ipca Laboratories Ltd. - Employee Stock Option Scheme 2014 (ESOS) to the selected permanent employees of the Company including one Wholetime Non Promoter Director. Each option granted gives a right but not an obligation to the Option Grantee to apply for one equity share of Rs. 2/- each fully paid up of the Company at a price of Rs.300 per share being the exercise price determined by the Nomination and Remuneration Committee.

Shares of IPCA LABORATORIES LTD. was last trading in BSE at Rs.594.4 as compared to the previous close of Rs. 594. The total number of shares traded during the day was 13537 in over 973 trades.

The stock hit an intraday high of Rs. 605.35 and intraday low of 585. The net turnover during the day was Rs. 8016154.

Source : Equity Bulls

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