Sterlite Technologies has informed that in terms of the company's Employees Stock Option Scheme 2006 (ESOS 2006), 22,24,000 options exercisable into equal number of fully paid-up equity shares of the company, have been granted to eligible employees in the meeting of compensation committee of the board held on December 29, 2011. The grant of above stock options is in line with SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines; 1999, as amended and as per the terms of the Stock Option Plans. These stock options shall vest as per the vesting criteria and schedule approved by the compensation committee of the board to be exercised over the exercise period as per the Stock Option Plans.
The above information is part of the company’s filing submitted to the BSE.
