Bajaj Electricals informs about grant of stock options

10 Feb 2016

With reference to the earlier letter dated November 05, 2015 and dated January 22, 2016, Bajaj Electricals has informed that the Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on February 10, 2016, has granted 117,500 Stock Options exercisable into an equal number of Equity Shares under Employee Stock Option Plan 2015 (‘ESOP 2015’) to 19 eligible employees, at a price of Rs 177.85 per option, being the closing price on the day preceding to the date of the Meeting on National Stock Exchange (NSE) where the traded volume was high. These options will vest in the favour of the option grantees over a period of 4 years from the date of grant as per ESOP 2015. The Stock Options granted are within the Plan Size of 3,027,073 Stock Options under ESOP 2015.

The above information is a part of company’s filings submitted to BSE.

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