Lupin Grants 50000 Options

Lupin Ltd has granted 50,000 options to its employee under "Lupin Employees Stock Option Plan 2003", at the exercise price of Rs. 391.60 on March 17, 2011.

Further the Company has noted that, 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.400.80, up by Rs.8.55 or 2.18%. The stock hit an intraday high of Rs.402.80 and low of Rs.392.

The total traded quantity was 0.48 lakhs compared to 2 week average of 0.73 lakhs.

Source : Equity Bulls

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