Cipla to reward employees with shares worth over Rs 1 lakh as stock option

Cipla Limited on Thursday announced the allotment of 65,736 equity shares worth Rs 1,21,472 as employee stocks under the Employee Stock Option Scheme through an exchange filing. The shares worth Rs 2 would be divided into two schemes: the Employee Stock Option Scheme 2013-A and the Cipla Employee Stock Appreciation Rights Scheme 2021.

According to the exchange filing, the issued, subscribed, and paid-up equity shares are now at 80,71,39,168 which is worth Rs 1,61,42,78,336.

On Thursday, the share price of Cipla Limited closed at Rs 1,122, down by 0.53 per cent.