Lupin grants 71000 Options

Lupin Ltd has announced that the Company has granted 71,000 options to its employees under "Lupin Employees Stock Option Plan 2003" at the exercise price of Rs. 1404.00 on January 29, 2010.

Further the Company has informed that, one equity share of Rs. 10/- 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 closed the day at Rs.1420.45, up by Rs.12.70 or 0.90%. The stock hit an intraday high of Rs.1485 and low of Rs.1380.

The total traded quantity was 48026 compared to 2 week average of 36324.

Source : Equity Bulls

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