Cipla Ltd Grants 24,709 Employee Stock Options and SARs

Cipla Ltd announced grants under its Employee Stock Option Scheme 2013-A (ESOS 2013-A) and Cipla Employee Stock Appreciation Rights Scheme 2021 (ESAR 2021). Under ESOS 2013-A, 5,530 stock options were granted with a 2-year vesting period and a 5-year exercise period from vesting. Under ESAR 2021, 19,179 Employee Stock Appreciation Rights were granted with a 3-year graded vesting and a 5-year exercise period from vesting. The exercise price for stock options is INR 2, and for ESARs is INR 2 per equity share. The company's board meeting, which commenced today, has concluded.