LUPIN LTD. - Grant of Options under Employees stock Option Plan (ESOP)

Lupin Ltd has informed BSE that on October 08, 2014, the Company has granted 4500 options to their employees under "Lupin Employees Stock Option Plan 2011", at the exercise price of Rs. 1368.05.<br/><br/>Further, 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.