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| Exchange Disseminated Time | Genus Power Infrastructures Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors of the Company has approved the grant of 4,42,700 Stock Options to the eligible employees of the Company, in terms of Employee Stock Option Scheme 2012 ("ESOS - 2012"). The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Re. 1/- each, the brief terms of which are as under:
1. Vesting: The options shall vest over a period of 6 years on a graded basis depending on corporate performance.
2. Exercise period: 3 years from the date of vesting of options.
3. Exercise price: Rs. 27.10 per share. |
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