Cipla grants 8,679 stock options and 27,140 employee stock appreciation rights
CIPLA · price
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Cipla granted 8,679 stock options at an exercise price of INR 2, vesting after two years. It also granted 27,140 employee stock appreciation rights at INR 2 per equity share, with three-year graded vesting. Both have a five-year exercise period after vesting.
The grants reward employees and may create slight dilution if exercised, but the scale is small relative to the company's share base.