PVR has informed that the Compensation Committee in their meeting held on January 14, 2013, has approved issue and grant of 5,50,000 options at the rate of Rs. 200 each option to permanent employees of the company in accordance with PVR Employee Stock Option Scheme of the company. Each option shall be convertible into one equity share of the company.
The above information is a part of company’s filings submitted to BSE.