Cipla Limited on Wednesday allotts 6,537 shares worth Rs 13,074 to employees as stock option, the company announced through an exchange filing. The shares with face value of Rs 2 were allocated under the Employee Stock Options Scheme 2013-A of the company.
After this allocation Cipla's issued, subscriber and paid-up share capital increased to Rs 1,61,43,14,260 consisting of 80,71,57,130 shares.
Cipla on April 10 signed a perpetual agreement with Novartis Pharma to manufacture Galvus branded products.
Cipla shares
The shares of Cipla on Wednesday at 1:23 pm IST were at Rs 914.55, down by 1.05 per cent.
