Hero MotoCorp has informed that the Nomination and Remuneration Committee of the Company at its meeting held on March 28, 2016 has approved the allotment of 2,588 Equity Shares of face value of Rs 2 each to the Option Grantees, pursuant to the exercise of Stock Options granted under the Company’s Employee Stock Option Plan 2014 formed in accordance with Employee Incentive Scheme 2014. Further, post the said allotment, the Equity Share Capital of the Company stands increased to 199,690,088 equity shares of Rs 2 each aggregating to Rs 399,380,176.
The above information is a part of company’s filings submitted to BSE.
