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Tuesday, November 11, 2008

Ipca Laboratories grants options

The committee of Ipca Laboratories has granted 57,000 options under Ipca Laboratories - ESOS - 2006 to selected employees of the company.

Each option granted gives a right but not an obligation to the option grantees to apply for 1 equity share of Rs 10 each fully paid up of the company at a price of Rs 315 per share.

These options were granted at the committee meeting held on 11 November 2008.

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