Indiabulls Wholesale Services has informed that the compensation committee of the board of directors of the company has in its meeting held on February 2, 2013, granted 1,60,000 stock options in terms of the IBWSL ESOP-2011, to the eligible employees.
These options represent an equal number of equity shares of face value Rs.2 each in the company and shall vest within ten years beginning from February 3, 2014, the first vesting date. Further the options granted under each slab, can be exercised within a period of five years from the relevant vesting date.
The above information is a part of company’s filings submitted to BSE.
