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| Exchange Disseminated Time | | Indiabulls Real Estate Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 14, 2014, has granted, under the "Indiabulls Real Estate Limited Employees Stock Options Plan 2010", 1,05,00,000 (One Crore Five lacs) Stock Options representing an equal number of equity shares of face value of Rs. 2/- each in the Company, at an exercise price of Rs. 77.60, being the latest available closing market price on the National Stock Exchange of India Ltd. as on November 13, 2014. The Stock Options so granted, shall vest within 5 years beginning from November 15, 2015, the first vesting date. The options vested under each of the slabs, can be exercised within a period of five years from the relevant vesting date. |
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