Rolta India has informed that the compensation committee at its meeting held on November 01, 2011 granted 2,20,000 Stock Options (ESOPs) to overseas employees of the Company under ESOP-2009 Plan. The Stock Options shall vest one year after the date of grant of ESOPs in 4 tranches (25% each). Vested options can be exercised within 5 years from the date of grant.
Each Option, on vesting, is eligible for conversion into one equity share of Rs. 10 each at the exercise price of Rs. 81.55 per equity share, the same being the closing price of the shares on the National Stock Exchange of India (NSE) as on November 01, 2011, the Date of Grant of Stock Options (ESOPs).
The above information is part of the company’s filing submitted to the BSE.
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