Lupin Allots 30,967 Equity Shares Under Employee Stock Option Plan
· Business · Business Standard
Pharmaceutical company Lupin has allotted 30,967 equity shares to its employees. The allotment was executed under the company's Employee Stock Option Plan (ESOP). Each share has a face value of ₹2, as per the company's regulatory filing. This move follows the exercise of options by eligible employees under the existing scheme. The company confirmed the issuance in a recent update to the stock exchanges.
Why it matters
The allotment increases the total paid-up equity share capital of Lupin, reflecting the company's ongoing commitment to employee compensation and retention through equity-based incentives.
Read the original report — Business Standard
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