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

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

The shares worth Rs 2 would be divided into two schemes Employee Stock Option Scheme 2013-A and Cipla Employee Stock Appreciation Rights Scheme 2021 of the company.

FPJ Web DeskUpdated: Wednesday, December 28, 2022, 05:53 PM IST
article-image
Cipla to reward employees with shares worth over Rs 1 lakh as stock option | File/ Representative image

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.

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...