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| Exchange Disseminated Time | Motilal Oswal Financial Services Ltd has informed BSE that the Nomination and Remuneration / Compensation Committee of the Company at its Meeting held on April 30, 2015, have noted and has taken on record, lapse of total 6,000 Employee Stock Options of the Company under 'Motilal Oswal Financial Services Limited- Employees' Stock Option Scheme- VI' (ESOP Scheme VI) of the Company.
The Committee has also granted 1,80,000 Employee Stock Options under 'Motilal Oswal Financial Services Limited - Employees' Stock Option Scheme - VII' (ESOP Scheme VII) at Rs. 290 per stock option.
The Stock Options granted under ESOP Scheme VII shall be exercised within a period of 36 months from the date on which the options become exercisable. However in respect of resignation, the options shall be exercised by the employees within a period of 12 months from the date of resignation or such extended period as may be decided by the Nomination and Remuneration/Compensation Committee of the Company. |
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