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Bajaj Electricals has informed that the remuneration and compensation committee of the board of directors of the company at its meeting held October 25, 2012 has granted 5,25,000 options under ESOP 2011 from the available stock options, to 72 eligible employees, at a price of Rs.224.65 per option, being the closing price on NSE where the traded volume was high. These options will vest in the employees over a period of 4 years from the date of grant as per ESOP Scheme 2011.

Further, the company has so far granted 31,20,000 stock options under ESOP 2011 to the eligible employees, including the aforesaid 5,25,000 stock options.

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

Bajaj Electricals Share Price

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