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Indiabulls Wholesale Services grants options under ESOP
Date: 18-09-2012Indiabulls Wholesale Services has informed that the compensation committee of the board of directors of the company has in its meeting held on September 17, 2012, granted 8,50,000 stock options in terms of the IBWSL ESOP-2011. 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 September 18, 2013, 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.