CIPLA LTD. - Grant of Options under the Employee Stock Option Scheme 2013-A
| < Back | |
| 08 Sep 2014 | |
| Cipla Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on September 08, 2014 has approved the grant of 95,248 Stock Options to employees of the Company and its subsidiary companies, in terms of Employee Stock Option Scheme 2013-A (ESOS 2013-A). The said Options carry the right to apply for equal number of equity shares of the Company of face value of Rs. 2/- each. The terms of grant inter-alia are as under:<br/><br/>1. Vesting: The Options would vest not earlier than 1 year and not later than 2 years from the date of grant of Options<br/><br/>2. Exercise period: 5 years from the date of vesting of Options<br/><br/>3. Exercise price per option: Rs. 2/-. | |
| View all announcements for CIPLA LTD. | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback