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Gravita India grants options under ESOP
Date: 05-07-2012Gravita India has informed that the compensation committee of the board of directors of the company at its meeting held on July 05, 2012 has granted 31000 options to the eligible employees of the ocmpany as well as its subsidiaries under the Gravita ESOP Scheme 2011 of the company. The options are granted at exercise price of Rs. 2 per share i.e. face value per share of the company.
Further, the stock options granted shall be vested over a period of 5 years subject to minimum vesting period of 1 year from the date of grant i.e. July 05, 2012 and the eligible employees shall be entitled to exercise the options up to a period of 6 years from the date of grant of the options on payment of exercise price.
The above information is a part of company's filings submitted to BSE.