Lupin grants over 1.77 lakh stock options under ESOP; Stock under pressure

Lupin Limited has granted options aggregating 1,77,781 on November 21, 2022 to the employees of the Company and its subsidiary companies, at the exercise price of Rs2.00 each, details of which are as under:

In a regulatory filing, the company said, “That one stock option entitles the grantee to subscribe to one equity share of the Company of Rs2.00 each, after vesting. The vesting schedule of stock options will be 25%:25%:25%:25% over four years upon completion of one year from the date of grant, which is November 21 , 2022.”

At around 1:18 PM, Lupin Ltd is currently trading at Rs715.90 per share down by Rs5 or 0.69% from its previous closing of Rs720.90 per share on the BSE.

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