Nippon Life India Asset Management has informed that, based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company have today at its meeting held on September 20, 2023 approved: ‘Nippon Life India Asset Management – Performance linked Stock Unit Scheme 2023’ (‘PSU 2023’) and ‘Nippon Life India Asset Management – Employee Stock Option Scheme 2023’ (‘ESOP 2023’) pursuant to the provisions of Section 62(1)(b), other applicable provisions, if any, of the Companies Act, 2013 read with rules framed thereunder, and the relevant provisions of Regulation 6 of the Securities and Exchange Board of India (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 (‘Applicable Laws’), subject to the approval of the shareholders of the Company by way of special resolution. The details of the proposed Schemes, in terms of the requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure A and Re-appointment of Ajay Patel as the Manager of the Company effective from January 03, 2024 to January 02, 2026, subject to the approval of the shareholders of the Company. The details of the proposed re-appointment, in terms of the requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure B. The meeting of the Board of Directors of the Company commenced at 10:00 am and concluded at 10:10 am.
| Company Name | CMP |
|---|---|
| ICICI Prud.Asset Man | 3281.80 |
| HDFC Asset Mngt. Co | 2806.40 |
| Nippon Life India As | 1051.65 |
| Aditya Birla Sun AMC | 1065.10 |
| UTI Asset Management | 952.65 |
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