Lupin has announced that the company has granted 10000 options under 'Lupin employees stock option plan 2005' at the exercise price of Rs. 614.08 on 04 November 2009.
Further the Company has noted that, one equity share of Rs. 10 each is covered by each option. The options issued are exercisable after a minimum vesting period of 12 months but before the exercise period of 10 years from the date of grant.
The company made this announcement after the trading hours on 04 November 2009.