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Sarda Energy & Minerals grants options under ESOP
Date: 21-08-2012Sarda Energy & Minerals has informed that under SEML ESOP Scheme 2012, the appointments and compensation committee in its meeting held on August 20, 2012 has granted 3,33,360 options to the employees of the company with each option exercisable into one equity shares of Rs. 10 each of the company at an exercise price at the rate of Rs. 125 per option.
Further, the board shall invest the options in three equal installments at the end of 1st, 2nd and 3rd year from the date of grant and shall be exercisable within two years from the date of vesting. Any unexercised option shall lapse.
The above information is a part of company's filings submitted to BSE.