Caplin Point Laboratories Ltd grants 288500 stock options

The Nomination and Remuneration Committee of the Board of Directors of Caplin Point Laboratories Ltd has granted 2,88,500 stock options to twenty four employees of the Company under Caplin Point Employee Stock Option Plan - 2015 at an exercise price of Rs.2/- each.

The employees are eligible to exercise / subscribe for equivalent number of equity shares of the Company having the face value of Rs.2/- each. All these options will vest in three to four equal tranches over a period of three to four years.

Shares of CAPLIN POINT LABORATORIES LTD. was last trading in BSE at Rs.405 as compared to the previous close of Rs. 404.2. The total number of shares traded during the day was 7517 in over 453 trades.

The stock hit an intraday high of Rs. 410 and intraday low of 400. The net turnover during the day was Rs. 3050867.

Source : Equity Bulls

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