Equitas Holdings has informed that pursuant to the authority granted by the Shareholders vide EGM Resolution passed on September 07, 2015 and ratified at the Annual General Meeting held on June 22, 2016, the Nomination, Remuneration and Governance Committee of the Board of Directors has on October 21, 2016, approved grant of 2,038,500 options to 1095 eligible employees at Rs 183 per option (Based on the closing price of Rs 182.50 per share as at the close of October 20, 2016 in NSE) under the Equitas Employee Stock Option Scheme, 2015. The Scheme is in compliance with SEBI (Share Based Employee Benefits) Regulations, 2014. The grant shall be governed by the terms and conditions of Equitas Employee Stock Option Scheme, 2015. The vesting shall commence any time after the expiry of one year from the date of grant of the Options and extend up to six years. The Options could vest in tranches. All the options shall be exercised within a period of 3 years from the date of vesting.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
Bajaj Finance | 6508.40 |
Shriram Finance | 2258.00 |
Aditya Birla Capital | 206.50 |
SBI Cards AndPayment | 677.75 |
L&T Finance | 150.15 |
View more.. |