Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Grasim Industries has informed that the Nomination and Remuneration Committee of the Board of Directors of the company (NRC) has granted 13,32,685 Stock Options, comprising of 11,18,480 Options and 2,14,205 Restricted Stock Units on 17th December 2018 to the eligible employees of the company, including to the Managing Director and Whole-Time Director of the company under Grasim Industries Employee Stock Option Scheme 2018 (the Scheme). The Scheme will be implemented through a trust, Grasim Employees' Welfare Trust (Trust) in accordance with Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 (SEBI Regulations). The Scheme will involve secondary acquisition of Equity Shares of the company, by the Trust through recognized stock exchanges in compliance with SEBI Regulations and other applicable laws.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2718.25 |
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| Hindustan Foods | 509.15 |
| Balmer Lawrie & Co | 176.20 |
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