Lupin Grants 19000 Options under ESOP

Lupin Ltd has granted 19,000 options to its employee of its subsidiary Company, under "Lupin Subsidiary Companies Employees Stock Option Plan 2011", at the exercise price of Rs. 458.30 on July 13, 2011.

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.

The stock was trading at Rs.477.10, up by Rs.8.70 or 1.86%. The stock hit an intraday high of Rs.477.25 and low of Rs.468.

The total traded quantity was 0.99 lakhs compared to 2 week average of 0.82 lakhs.

Source : Equity Bulls

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