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

Lupin Ltd has informed BSE that on November 20, 2014, the Company has granted 240948 options to their employees under "Lupin Employees Stock Option Plan 2014", at the exercise price of Rs. 2/- (face value).<br/><br/>Further the Company has informed that, one equity share of Rs. 2/- each is covered by each option. The options shall be vested in a phased manner after a minimum period of 12 months and are exercisable before the exercise period of 10 years from the date of grant.